Airgain, Inc. acquired North American Assets from Skycross Inc. for $5 million on December 17, 2015. The consideration includes $4 million paid up front and $1 million of deferred consideration is payable upon the later of (i) the expiration of the Transition Services Agreement between Airgain and Skycross which defines transition services to be provided by Skycross to Airgain and (ii) the date on which Airgain has received copies of third party approvals with respect to each customer and program that was purchased.

Airgain, Inc. completed the acquisition of North American Assets from Skycross Inc. on December 17, 2015.