On August 10, 2022, Ceragon Networks Ltd. announced that it issued a statement with reference to a report issued by Institutional Shareholder Services Inc. (ISS) in connection with Extraordinary General Meeting (EGM) scheduled to be held on August 23, 2022. The Company pleased that ISS recommends that shareholders vote against all of Aviat's nominees and echoes the Company's concerns regarding valuation and certainty. The Company stated that ISS highlighted a number of significant concerns regarding Aviat's low-ball indication of interest, and the uncertainties around Aviat's ability to finance the transaction.

In addition, the Company stated that it agreed with ISS' recommendation to vote against all of Aviat's nominees and believes that Aviat's nominees would leave the company with a weak, inexperienced Board that will not be able to effectively oversee the Company's strategy or negotiate on behalf of the Company shareholders.