Edgewater Wireless Secures Strategic Investor, Closes First Tranche of Private Placement

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), a pioneer in AI-powered Wi-Fi Spectrum Slicing silicon solutions, has announced the first closing of its non-brokered private placement financing. The company issued 7,155,879 units at $0.06 per unit, generating gross proceeds of approximately $429,353. The first close includes participation from a strategic investor within the global semiconductor industry, along with additional investors from the Silicon Catalyst ecosystem, highlighting increasing Silicon Valley backing for Edgewater’s patented technology and product roadmap.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire an additional common share at $0.09 per share for two years from the closing date. The offering remains subject to final acceptance by the TSX Venture Exchange.

“This first close is an important execution milestone for Edgewater,” said Andrew Skafel, President and CEO. “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 also participated in the offering, acquiring 1,000,000 units for $60,000, demonstrating alignment with shareholders. This insider participation constitutes a related party transaction under Multilateral Instrument 61-101, but the company is relying on exemptions from formal valuation and minority shareholder approval requirements as the fair market value of insider participation is not expected to exceed 25% of the company’s market capitalization.

Net proceeds from the offering will be used for semiconductor design, engineering, and product development related to the Spectrum Slicing prototype, as well as for general working capital. The company may complete additional tranches subject to market conditions and regulatory approvals. A cash commission of $2,478 and 41,300 finder’s warrants were paid to an arm’s length finder in connection with the offering.

Edgewater Wireless, a Silicon Catalyst portfolio company, delivers Wi-Fi Spectrum Slicing technology that mitigates congestion, allocates spectrum in real time, and optimizes channel and link density. The company’s PrismIQ product family enables multiple concurrent channels within a single band, supporting more usable capacity, lower latency, and deterministic performance for service provider networks, autonomous systems, and critical communications infrastructure.

This investment signals growing confidence in Edgewater’s strategic direction and the potential of its technology to address the increasing demand for high-reliability, low-latency wireless connectivity. The support from a strategic semiconductor investor and Silicon Catalyst participants underscores the importance of Spectrum Slicing in advancing next-generation wireless networks, which could have significant implications for industries relying on robust and efficient connectivity.