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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Jul. 28, 2:26 PM

Slide #2. DragonWave Inc. Secondary Offering

Company: DragonWave Inc. (NASDAQ:DRWI)
Date announced: 7/24/2014
$Amount Offered: $21,500,000
Secondary Offering Details: DragonWave Inc., a leading global supplier of packet microwave radio systems for mobile and access networks, announced that it intends to offer units of the Company (the "Units") in a C$21.5 million underwritten public offering (the "Offering"). The pricing and number of Units to be offered will be determined in the context of the market (the "Issue Price"). CIBC is acting as the sole book-runner for the offering and H.C. Wainwright & Co., LLC is acting as co-lead manager (together, the "Underwriters").

DragonWave is engaged in developing next-generation broadband wireless backhaul and pseudowire equipment. Co. provides high-capacity Ethernet microwave solutions that drive next-generation IP networks and pseudowire technology which allows carriers to address the increasing need to carry legacy time division multiplexing traffic over a packet based network. Co.'s carrier-grade point-to-point Ethernet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations to meet their increasing bandwidth requirements rapidly and affordably.
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Company Name:  DragonWave Inc
Sector:  Information Technology Services

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July 28, 2014    2:26 PM Eastern
Quotes delayed 20 minutes

Hold (2.07 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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