• SEC Filings

On April 7, 2017, Airgain, Inc., a Delaware corporation (the “Company”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) with MCA Financial Group, Inc., acting as the appointed receiver for Antenna Plus, LLC (“Antenna Plus”), a privately-held supplier of antenna-based solutions for mobile and automotive fleet applications for government, public safety, and Industrial IoT (Internet of Things) markets.   to the Purchase Agreement, the Company agreed to purchase substantially all of the assets of Antenna Plus (the “Acquired Assets”), as well as assume certain contracts and other liabilities of Antenna Plus, for a purchase price of approximately $6.4 million, payable in cash, subject to certain working capital adjustments set forth in the Purchase Agreement.  The purchase and sale of the Acquired Assets is made to a court ordered receivership for the sale and disposition of the assets of Antenna Plus.  The closing of the sale of the assets is expected to occur within 20 calendar days (the “Closing Date”), subject to the satisfaction of customary closing conditions, including the delivery of specified ancillary agreements.

The foregoing description of the Purchase Agreement and related transactions does not purport to be complete and is qualified in its entirety by reference to the complete text of the Purchase Agreement, a copy of which the Company expects to file with the Company’s Quarterly Report on Form 10-Q for the period ending March 31, 2017.

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This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended.  Airgain cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on the company’s current beliefs and expectations. These forward-looking statements include statements regarding the expected closing of the acquisition. The inclusion of forward-looking statements should not be regarded as a representation by Airgain that any of our plans will be achieved.   Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation, risks associated with the satisfaction of customary closing conditions for the acquisition and other risks described in our filings with the Securities and Exchange Commission, including under the heading “Risk Factors” in our Annual Report on Form 10-K. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

About AIRGAIN, INC. (NASDAQ:AIRG)

Airgain, Inc. is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions. It offers six product lines, including MaxBeam High Gain Embedded Antennas, Profile Embedded Antennas, Profile Contour Embedded Antennas, Ultra Embedded Antennas, OmniMax High Performance External Antennas and MaxBeam Carrier Class Antennas. The Company, through its design, integration and testing of embedded antenna technology, provides its technology to the residential wireless local area network, wireless fidelity and antenna market, and also supplies to carriers, original equipment manufacturers, original design manufacturers and system designers. The Company supplies its products in the United States, Europe, Canada and Asia.

AIRGAIN, INC. (NASDAQ:AIRG) Recent Trading Information

AIRGAIN, INC. (NASDAQ:AIRG) closed its last trading session up +0.10 at 14.82 with 76,928 shares trading hands.