Transform-X, Inc. agreed to acquire substantially all of the assets of DragonWave Inc. (TSX:DRWI) on September 28, 2017. The consideration will be paid in cash. After the completion of transaction, DragonWave team will become part of Transform-X and begin integrating disruptive technologies into market leading product portfolio. After the completion of the transaction, DragonWave will be renamed as DragonWave-X. JG Wealth Management Corp. provided a loan of $4 million to finance the transaction. The transaction is subject to customary closing conditions, including third party approval and bankruptcy court approval. The transaction is approved by the Bankruptcy court and is expected to close by mid-October. KSV Kofman is appointed as receiver by the court for the sale of DragonWave Inc. James Gage of McCarthy Tétrault LLP acted as legal advisor for Transform-X in the transaction. Jane Dietrich of Cassels Brock & Blackwell LLP acted as legal advisor for KSV Kofman in the transaction. Transform-X, Inc. completed the acquisition of substantially all of the assets of DragonWave Inc. (TSX:DRWI) on October 25, 2017.