Edgewater Wireless Announces Completion of Ninth and Tenth Payments of Debenture Interest

Core Viewpoint - Edgewater Wireless Systems Inc. has completed its ninth and tenth payments of interest on its unsecured debentures through the issuance of common shares, satisfying its obligations for interest payments due in December 2024 and March 2025 [1][2]. Group 1: Financial Obligations and Share Issuance - The company has settled a total of $17,850.96 in interest payments as of December 1, 2024, and another $17,850.96 as of March 1, 2025, by issuing 357,016 common shares at a price of $0.05 per share and 238,010 common shares at a price of $0.075 per share [1]. - The issuance of shares for debt settlement has been approved by the TSX Venture Exchange [1]. - Certain directors of the company received 114,683 shares as part of this transaction, which qualifies as a "related party transaction" under Multilateral Instrument 61-101 [2]. Group 2: Company Overview and Technology - Edgewater Wireless specializes in enhancing Wi-Fi quality of service (QoS) by managing spectrum allocation and mitigating congestion, which benefits service providers and customers through reduced churn and improved efficiency [3]. - The company’s patented AI-powered Spectrum Slicing platform, delivered through the PrismIQ™ product family, allows for multiple concurrent channels in a single band, achieving 10x performance and up to 50% lower latency [4]. - Edgewater holds 26 patents and operates on a fabless model, aiming to transform the economics of Wi-Fi for various markets, including residential, enterprise, and Industrial IoT [4].