Edgewater Wireless Announces Payments of Debenture Interest

Rhea-AI Summary

Edgewater Wireless Systems (KPIFF) plans to settle four debenture interest obligations through the issuance of 1,421,982 common shares. The shares have a deemed price of $0.05 each and will fully satisfy interest of $17,726.30 as of December 1, 2025; $17,531.51 as of March 1, 2026; and $17,921.10 each as of June 1 and September 1, 2026. The settlement requires TSX Venture Exchange approval. Certain directors received 265,995 shares, making the issuance a related-party transaction.

The company also granted employees and technical consultants options to purchase up to 900,000 common shares at $0.05 per share. The options expire five years from the grant date.

1 point · 0 major

MixediHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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0 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Share settlement will fully satisfy four interest obligations on unsecured debentures without a cash payment.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.1,421,982 common shares at $0.05 each will dilute existing holders through the interest settlement.
• Minor pointDebt settlement remains subject to TSX Venture Exchange approval.
• Minor point. Forward-looking: it has not happened yet and may not happen.Options for up to 900,000 shares at $0.05 each create potential dilution and expire five years from grant.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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October 30, 2026 – TheNewswire - Ottawa, Canada – Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF) (“Edgewater” or the “Company”) announces that it will settle its obligation to pay an aggregate of $17,726.30 in interest as of December 1, 2025, $17,531.51 in interest as of March 1, 2026, $17,921.10 in interest as of June 1, 2026 and $17,921.10 in interest as of September 1, 2026 to the holders of its unsecured debentures issued September 1, 2022 (the “Debentures”) through the issuance of an aggregate of 1,421,982 common shares of the Company at a deemed price of $0.05 per share (the “Shares”). The Shares are issued in full satisfaction of the December 1, 2025, March 1, 2026, June 1, 2026 and September 1, 2026 interest payment obligations in accordance with the terms of the Debentures. The debt settlement is subject to the approval of the TSX Venture Exchange.

 

Certain directors of the Company received an aggregate of 265,995 Shares and therefore the share issuance constitutes a “related party transaction” as that term is defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company will rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the Shares nor the debt exceeds 25% of the Company’s market capitalization.

 

Edgewater Wireless Systems Inc. announces that it has granted incentive stock options pursuant to its equity incentive plan to certain employees and technical consultants of the Company to purchase up to an aggregate of 900,000 common shares of the Company. The stock options are exercisable at a price of $0.05 per share and expire five years from the date of grant.

 

About Edgewater Wireless

 

We make Wi-Fi. Better.

Edgewater’s patented, AI-powered Wi-Fi Spectrum Slicing™ platform—delivered through the PrismIQ™ product family—enables multiple concurrent channels within a single Wi-Fi band, designed to improve spectrum utilization, reliability, latency and Quality of Service in congested and high-density environments. PrismIQ™ is Edgewater’s Wi-Fi 8-ready silicon solutions platform targeting residential, enterprise, Industrial IoT and high-reliability wireless applications. With 26 granted patents, three AI-related patent applications pending and a capital-efficient fabless model, Edgewater is developing scalable silicon, IP and reference solutions for the next generation of intelligent wireless connectivity. Edgewater is a Silicon Catalyst portfolio company.

 

Visit https://edgewaterwireless.com

 

Edgewater Wireless Contacts:

Andrew Skafel, President and CEO

E: andrews@edgewaterwireless.com

 

Bill Mitoulas, Investor Relations

E: ir@edgewaterwireless.com

T: +1.613.317.4448

 

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws.  The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct.  By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless’ actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions.  Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose.  Edgewater Wireless undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Copyright (c) 2026 TheNewswire - All rights reserved.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How is Edgewater Wireless settling its debenture interest obligations?

Edgewater will issue 1,421,982 common shares at a deemed $0.05 per share to fully satisfy four interest obligations. These comprise $17,726.30 as of December 1, 2025, $17,531.51 as of March 1, 2026, and $17,921.10 each as of June 1 and September 1, 2026. The settlement requires TSX Venture Exchange approval.

Why is Edgewater Wireless using exemptions for its related-party share issuance?

Edgewater will rely on formal valuation and minority shareholder approval exemptions under sections 5.5(a) and 5.7(1)(a) of MI 61-101 because neither the shares' fair market value nor the debt exceeds 25% of its market capitalization. Certain directors received an aggregate of 265,995 shares, making the issuance a related-party transaction.