DragonWave has entered receivership, appointing the Ontario Superior Court of Justice of KSV Kofman as receiver. Peter Allen, Claude Haw, Cesar Cesaratto and Lori O’Neill have resigned from the company’s board of directors.
The Toronto Stock Exchange and NASDAQ have delisted the company’s common shares and suspended them from trading.
All Court materials filed in the Company’s receivership proceedings are available on the Receiver’s website at: http://www.ksvadvisory.com/insolvency-cases/dragonwave-inc/.
DragonWave is an OEM that makes carrier-grade point-to-point packet microwave systems that transmit broadband voice, video and data for service providers, government agencies, enterprises. Applications include small cell backhaul, leased line replacement, last mile fiber extension and enterprise networks.
DragonWave’s corporate headquarters are located in Ottawa, Ontario, with sales locations in Europe, Asia, the Middle East and North America.