Edgewater Wireless Systems Inc. (TSX.V: YFI) has invited Ralph Garcea to join its Board of Directors, pending shareholder approval at the upcoming AGM on June 16, 2021. Garcea has over 22 years of experience in technology investment analysis and is a managing partner at Focus Merchant Group. Additionally, Edgewater has engaged Venture North Capital for investor relations services, with a consulting agreement worth CAD $6,500 per month. This follows a successful proof of concept showing performance gains of 7 to 18 times for Spectrum Slicing technology, aiming to enhance market growth.
Edgewater Wireless Systems Inc. (YFI: TSX.V, OTCQB: KPIFF) announces the full subscription of its initial non-brokered private placement, leading to a second offering of up to 9,230,770 units for total proceeds of $1,200,000. The new units will be priced at $0.13 each, with warrants at $0.23, and available to existing shareholders under certain exemptions. Proceeds will support operating expenses, product development, and working capital. The offering is subject to TSXV approval and includes a provision for additional units if demand exceeds expectations.
Edgewater Wireless Systems (YFI; OTCQB: KPIFF) announces a non-brokered private placement of up to 6,956,522 units, raising up to $800,000. Each unit includes one share and one warrant, priced at $0.115 per unit. The warrants allow purchase of shares at $0.23 within 24 months. This offering is available to existing shareholders under the Existing Shareholder Exemption, with a maximum investment limit of $15,000. Proceeds will support operating expenses, engineering, and working capital.
Edgewater Wireless Systems Inc. (YFI; TSX.V) (OTCQB: KPIFF) has generated significant interest in its patented Wi-Fi Spectrum Slicing technology following a successful Proof of Concept (PoC) demonstrated with a major Tier 1 service provider. The PoC showed that 75% of homes experienced performance improvements of 7 to 18 times, particularly in households with multiple devices. Unlike current single-channel technologies, Edgewater's multi-channel solution retains performance as more devices are added, highlighting its effectiveness in high-density environments.