Airgain (AIRG) Registration Filing summary

Company overview and business model

• Provides advanced wireless connectivity solutions focused on 5G technology for enterprise, automotive, and consumer markets.

• Product portfolio includes Smart Network Controlled Cellular Repeaters, fixed wireless access devices, asset tracking, embedded modems, and antennas.

• Leverages RF expertise and relationships with mobile and service operators to deliver differentiated system solutions.

• Incorporated in California in 1995, reincorporated in Delaware in 2016, with global R&D and office presence.

Financial performance and metrics

• As of May 2, 2025, public float was approximately $54.0 million, with 11,794,084 shares outstanding.

• Net tangible book value as of March 31, 2025 was $14.5 million, or $1.23 per share.

• After a $5.0 million offering at $4.03 per share, adjusted net tangible book value would be $1.62 per share, with immediate dilution of $2.41 per share to new investors.

• During the prior 12 months, $3,813,826 of securities were sold under Form S-3.

Use of proceeds and capital allocation

• Net proceeds will be used for working capital and general corporate purposes, including sales, marketing, product development, and capital expenditures.

• May allocate a portion to acquisitions or investments in products, technologies, or businesses, though no current commitments exist.

• Management has broad discretion over use of proceeds.