Alvarion Ltd. announced that it expects to receive $3 million in funding.
On May 29, 2013, the company announced that it has executed final agreements for the transaction. The company will receive net proceeds of $2,900,000 in the transaction. The company will issue common shares and warrants in the transaction. The investors will acquire 18.5% stake in the company through this transaction. The transaction is expected to close within 10 days of the agreement.