A share purchase warrant is a tradable certificate that gives its holder the right to buy a company's stock at a set price within a specified time window. Think of it like a coupon that lets you purchase shares later at a fixed rate; for investors it offers leveraged upside if the stock rises, but can also dilute existing owners when exercised and affects the company’s future share count and value.
non-brokered private placementfinancial
A non-brokered private placement is when a company raises money by selling securities (such as shares or bonds) directly to a small group of chosen investors without using a broker or dealer as a middleman. For investors it matters because it can provide faster, lower-cost access to new investment opportunities but may bring higher risk, less liquidity and potential dilution of existing holdings compared with public offerings.
exercise pricefinancial
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
TSX Venture Exchangeregulatory
A junior stock exchange in Canada where smaller, early-stage companies list shares to raise capital and gain public visibility. Think of it as a farmers’ market for young businesses: it offers investors a chance to buy into fast-growing but higher-risk ventures, with looser listing rules and typically lower liquidity than major exchanges. It matters because performance and financing on this exchange can signal growth prospects or risk for investors.
expiry datefinancial
The expiry date is the final day a financial contract such as an option or futures contract is valid; after that date the contract either must be exercised, settled, or it becomes worthless. Investors care because the approaching expiry changes a contract’s value and risk—time left determines how much price movement is needed to profit, affects strategy choices, and can trigger automatic settlement like a used coupon or an expired ticket.
OTTAWA, Ontario--(BUSINESS WIRE)--
Edgewater Wireless Systems Inc. (TSX-V: YFI) (OTC: KPIFF) (the “Company” or “Edgewater Wireless”) announces that it proposes to make an application to the TSX Venture Exchange (the “TSXV”) to extend the expiry date of outstanding share purchase warrants which entitle the holders to acquire 8,330,000 common shares of the Company (the “Warrants”).
The Warrants were issued pursuant to a non-brokered private placement that closed in two tranches. An aggregate of 7,830,000 Warrants were issued in the first tranche of the private placement, which closed on December 20, 2023 (the “2023 Warrants”). An aggregate of 500,000 Warrants were issued in the second tranche of the private placement, which closed on February 26, 2024 (the “2024 Warrants”). Each 2023 Warrant and 2024 Warrant entitled the holder to purchase one common share of the Company at an exercise price of $0.10 for a two year period. The original expiry date of the 2023 Warrants is December 20, 2025 and the original expiry date of the 2024 Warrants is February 26, 2026. The Company proposes to extend the expiry dates of the 2023 Warrants and the 2024 Warrants by an additional 12 months, such that the 2023 Warrants will expire on December 20, 2026 and the 2024 Warrants will expire on February 26, 2027. All other terms of the 2023 Warrants and the 2024 Warrants will remain the same. None of the 2023 Warrants and the 2024 Warrants have been exercised to date. The warrant extension remains subject to approval of the TSXV.
About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless delivers unmatched Wi-Fi QoS—bar none—by intelligently mitigating congestion, managing spectrum allocation in real-time, and autonomously reconfiguring channel and link density—driving economic gains for service providers and their customers through reduced churn, improved efficiency, and high-performance connectivity in dense environments.
Redefining Wi-Fi from the silicon up, Edgewater’s patented, AI-powered Spectrum Slicing platform—delivered through the PrismIQ™ product family—breaks the limits of legacy Wi-Fi by enabling multiple concurrent channels in a single band. Wi-Fi Spectrum Slicing delivers 10x performance and up to 50% lower latency, even for legacy devices. With 26 patents and a fabless model, Edgewater is transforming the economics of Wi-Fi for service providers, OEMs, and enterprises—powering scalable, standards-aligned/leading connectivity across residential, enterprise, and Industrial IoT markets. A Silicon Catalyst portfolio company, Edgewater is building the intelligent wireless foundation for the next era of global connectivity.
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.
