Edgewater Wireless Announces First Close of Strategic Investor-Led Private Placement

About this update from Edgewater Wireless Systems Inc.

Edgewater Wireless Announces First Close of Strategic Investor-Led Private Placement (TheNewswire)   Strategic investor secured alongside additional Silicon Catalyst-related participation, reflecting growing Silicon Valley support for Edgewater’s Spectrum Slicing roadmap June 29, 2026 – TheNewswire - Ottawa, Canada and Santa Clara, USA – Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry pioneer of AI-powered Wi-Fi Spectrum Slicing™ silicon solutions and IP, today is pleased to announce the first closing of its previously announced non-brokered private placement financing through the issuance of 7,155,879 units of the Company (“Units”) at a price of $0.06 per Unit for gross proceeds of approximately $429,353, subject to final acceptance of the TSX Venture Exchange. The first close includes participation from a strategic investor, together with additional Silicon Catalyst-related investor participation, underscoring growing Silicon Valley support for Edgewater’s patented Spectrum Slicing™ technology, PrismIQ™ product roadmap and strategic execution plan. Each Unit consists of one common share of the Company and one common share purchase warrant, with each warrant entitling the holder to acquire one additional common share of the Company at an exercise price of $0.09 per share for a period of two years from the closing date. “This first close is an important execution milestone for Edgewater,” said Andrew Skafel, President and CEO of Edgewater Wireless. “Securing a strategic investor from the global semiconductor industry, alongside additional support from the Silicon Catalyst ecosystem, reinforces the growing industry interest in Spectrum Slicing and our roadmap for high-reliability, low-latency wireless connectivity. We believe this support reflects both validation of our technology and confidence in our ability to advance the next stage of our strategic plan.” Management participation in the Offering demonstrates continued alignment with shareholders and confidence in the Company’s strategic direction. The participation by insiders the Company, for an aggregate of 1,000,000 units for gross proceeds of $60,000, constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority ...

View stock analysis, news, and events for Edgewater Wireless Systems Inc.