On August 3, 2021, EXFO Inc. announced that Institutional Shareholder Services Inc. (ISS), a proxy advisory firm, has recommended that the Company shareholders vote in favour of the going private transaction proposed by 11172239 Canada Inc, a corporation controlled by Germain Lamonde. The proposed going private transaction, to be effected by way of a plan of arrangement between the Company and 11172239 Canada is to be voted on at the special meeting of shareholders to be held on August 13, 2021.