According to the Complaint, Aerohive Networks, Inc. has designed and developed a leading cloud networking platform and product portfolio using cloud management, machine learning, and artificial intelligence to simplify and secure the access network.

This action stems from a proposed transaction announced on June 26, 2019, pursuant to which Aerohive Networks, Inc. will be acquired by Extreme Networks, Inc.

On June 26, 2019, Aerohive’s Board of Directors caused the Company to enter into an agreement and plan of merger with Extreme.

On July 12, 2019, Defendants filed a Solicitation/Recommendation Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction.

The Complaint alleges that the Solicitation Statement omits material information with respect to the Proposed
Transaction, which renders the Solicitation Statement false and misleading.

This case was voluntarily dismissed on August 6, 2019.