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EnWave Corporation Announces LIFE Offering Private Placement of up to $3 Million
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About this update from Enwave Corporation
[{"type":"text","content":"EnWave Corporation Announces LIFE Offering Private Placement of up to $3 Million\n\n\n\n Not for distribution to United States newswire services or for dissemination in the United States\n \n\n VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) --\n \n EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the \"Company\")\n \n is pleased to announce that it has entered into an agreement with Clarus Securities Inc. (“\n \n Clarus\n \n ”), as lead agent and sole bookrunner, pursuant to which Clarus has agreed to sell, on a “best efforts” private placement basis, up to 7,500,000 common shares of the Company (the “\n \n Shares\n \n ”) at a price per Share of C$0.40 (the “\n \n Issue Price\n \n ”) for aggregate gross proceeds to the Company of up to C$3,000,000 (the “\n \n Offering\n \n ”), to be issued and sold under the Listed Issuer Financing Exemption (hereinafter defined). The Offering is subject to, and will not proceed without, the receipt by the Company of a minimum of C$2,000,000 in gross proceeds from the Offering.\n \n\n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“\n \n NI 45-106\n \n ”), as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “\n \n Listed Issuer Financing Exemption\n \n ”), the Shares will be offered to purchasers resident in any province of Canada, except Québec. By reason of the Offering being completed pursuant to the Listed Issuer Financing Exemption, the Shares issued and sold under the Offering will not be subject to a ‘hold period’ pursuant to applicable Canadian securities laws.\n \n\n The net proceeds from the Offering will be used by the Company to build two large-scale (60kW-120kW) Radiant Energy Vacuum (“\n \n REV™\n \n ”) dehydration machines. The manufacturing and fabrication process to produce large-scale REV™ equipment takes approximately six (6) months to complete. This strategic investment will ensure faster order fulfillment and support prospective future REV™ machine demand as EnWave’s pipeline continues to build.\n \n\n There...