0001104659-17-046359.txt : 20170724 0001104659-17-046359.hdr.sgml : 20170724 20170721201500 ACCESSION NUMBER: 0001104659-17-046359 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170721 FILED AS OF DATE: 20170724 DATE AS OF CHANGE: 20170721 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DRAGONWAVE INC CENTRAL INDEX KEY: 0001178946 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34491 FILM NUMBER: 17977419 BUSINESS ADDRESS: STREET 1: 411 LEGGET DRIVE STREET 2: SUITE 600 CITY: OTTAWA STATE: A6 ZIP: K2K 3C9 BUSINESS PHONE: 613-599-9991 MAIL ADDRESS: STREET 1: 411 LEGGET DRIVE, SUITE 600 CITY: OTTAWA STATE: A6 ZIP: K2K 3C9 6-K 1 a17-18227_26k.htm 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

Report Of Foreign Private Issuer

Pursuant To Rule 13a-16 Or 15d-16 Of

The Securities Exchange Act Of 1934

 

FOR THE MONTH OF JULY 2017

 

COMMISSION FILE NUMBER:  001-34491

 

DRAGONWAVE INC.

(Translation of registrant’s name into English)

 

411 Legget Drive, Suite 600

Ottawa, Ontario, K2K 3C9

Canada

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:     xForm 20-F     oForm 40-F

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):     o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):     o

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:     o Yes     x No

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):     n/a

 

 

 



 

The following exhibits are issued by DragonWave Inc.:

 

Exhibit Number

 

Description

99.1

 

Press Release dated July 21, 2017 — DragonWave Inc. Provides an Update on Financing Efforts

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

DRAGONWAVE INC.

 

(Registrant)

 

 

 

 

By:

/s/ Patrick Houston

 

Name:

Patrick Houston

 

Title:

Chief Financial Officer

 

 

Date:   July 21, 2017

 

3


EX-99.1 2 a17-18227_2ex99d1.htm EX-99.1

Exhibit 99.1

 

GRAPHIC

 

FOR IMMEDIATE RELEASE

 

DragonWave Inc. Provides an Update on Financing Efforts

 

OTTAWA, CANADA—(Marketwired - July 21, 2017) - DragonWave Inc. (TSX:DRWI)(NASDAQ:DRWI) announces that, further to its press release dated July 20, 2017, the Corporation is in negotiations with potential sources of alternative financing to address the repayment demand and notice of intention to enforce security issued by Comerica Bank, as agent for Comerica Bank and Export Development Canada.  There is no assurance that the Corporation will be successful in securing alternative financing on terms that will satisfy its lenders, or at all.

 

About DragonWave

 

DragonWave® is a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks. DragonWave’s carrier-grade point-to-point packet 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. The principal application of DragonWave’s products is wireless network backhaul, including a range of products ideally suited to support the emergence of underlying small cell networks. Additional solutions include 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. For more information, visit http://www.dragonwaveinc.com.

 

Forward-Looking Statements

 

Certain statements in this release constitute forward-looking statements or forward-looking information as defined by applicable securities laws. Forward-looking statements include statements as to DragonWave’s restructuring efforts, efforts to reduce operating expenses and address working capital, and identification and assessment of strategic alternatives in relation to short term liquidity requirements. These statements are subject to certain assumptions, risks and uncertainties, including DragonWave’s ongoing efforts to manage cash flows and liquidity.

 

Forward-looking statements are provided to help external stakeholders understand DragonWave’s expectations as of the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements. DragonWave’s actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements, as a result of the risks identified above as well as other risks identified in our publicly filed

 



 

documents. Material risks and uncertainties relating to our business are described under the heading “Risks and Uncertainties” in the MD&A dated July 12, 2017 and in the Company’s Annual Information Form and other public documents filed by DragonWave with Canadian and United States securities regulatory authorities, which are available at www.sedar.com and www.sec.gov respectively. DragonWave assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

 

Investor Contact:
Patrick Houston
CFO
DragonWave Inc.
investor@dragonwaveinc.com
+1-613-599-9991 ext 2278
Media Contact:
Nadine Kittle
Marketing Communications
DragonWave Inc.
nkittle@dragonwaveinc.com
+1-613-599-9991 ext 2262

 

2


GRAPHIC 3 g182272mmi001.jpg GRAPHIC begin 644 g182272mmi001.jpg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