DragonWave, Inc. Receives Positive NASDAQ Listing Determination

DragonWave Inc. (TSX:DRWI)(NASDAQ:DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks has announced that on June 6, 2017, the Company was notified that the Nasdaq Hearings Panel (the “Panel”) has granted the Company’s request for continued listing on Nasdaq.

The Company’s continued listing on Nasdaq is subject to the Company’s achievement of certain interim milestones, and ultimately its compliance with the $2.5 million stockholders’ equity requirement by no later than October 17, 2017. The Company is diligently working to timely satisfy the terms of the Panel’s decision.

Trading of the Company’s securities under the symbol “DRWI” on the Toronto Stock Exchange, the Company’s primary listing will not be impacted by this decision.


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