Edgewater Wireless Announces Eleventh and Twelfth Payments of Debenture Interest

Core Points - Edgewater Wireless Systems Inc. has announced the settlement of interest payments on its unsecured debentures through the issuance of common shares, totaling $18,047.12 due on June 1, 2025, and $17,948.49 due on September 1, 2025 [1] - The company issued 360,936 common shares at a price of $0.05 per share and 276,124 common shares at a price of $0.065 per share to fulfill these obligations [1] - The share issuance is considered a related party transaction, with certain directors receiving 121,559 shares, and the company will rely on exemptions from formal valuation and minority shareholder approval requirements [2] Company Overview - Edgewater Wireless specializes in enhancing Wi-Fi quality of service (QoS) by managing spectrum allocation and mitigating congestion, which benefits service providers and customers [3] - The company’s patented AI-powered Spectrum Slicing technology allows for multiple concurrent channels in a single band, delivering 10x performance and up to 50% lower latency [4] - Edgewater holds 26 patents and operates on a fabless model, aiming to transform Wi-Fi economics for service providers and enterprises across various markets [4]