DragonWave amends terms of common share units offered in public sale

Deal sells units through Canaccord Genuity to strengthen balance sheet

By Devika Patel

Knoxville, Tenn., Sept. 17 - DragonWave Inc. said it revised the terms of the units it plans to sell in a public offering. The deal was announced Sept. 12.

The units will now consist of one common share and 0.75 warrants. The whole warrants will be exercisable for five years. The units originally had half-share warrants.

Canaccord Genuity is the bookrunning manager.

Proceeds will be used to strengthen the company's balance sheet, for working capital and general corporate purposes.

The Ottawa, Ont., company develops broadband wireless backhaul and pseudowire equipment.

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