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Edgewater Wireless Announces Approval of Equity Incentive Plan, Grant of Stock Options and DSUs
Businesswire· 2026-01-08 00:00
Core Viewpoint - Edgewater Wireless Systems Inc. has received shareholder approval for a new equity incentive plan, which allows for the issuance of various stock-based awards to its directors, officers, employees, and consultants [1][2]. Group 1: Compensation Plan Details - The new Compensation Plan replaces the previous fixed 20% stock option plan and allows for the issuance of stock options, restricted share units, performance share units, and deferred share units [2]. - The total number of common shares reserved for issuance under the Compensation Plan is capped at 47,669,494 shares, which is 20% of the total issued and outstanding shares on a non-diluted basis at the time of implementation [2]. - The Compensation Plan is pending final approval from the TSX Venture Exchange, with further details available in the management information circular filed on SEDAR [3]. Group 2: Stock Options and Deferred Share Units - The company has granted options to purchase 6,300,000 common shares at a price of $0.05 per share, with a validity until December 22, 2030 [4]. - Of the options granted, 5,400,000 will vest in a staggered manner: 33% on the grant date, 33% after one year, and 34% after two years [4]. - Additionally, 2,500,000 deferred share units have been granted to directors and officers, vesting after one year and entitling holders to receive one common share upon vesting [5]. Group 3: Company Overview - Edgewater Wireless specializes in enhancing Wi-Fi quality of service by managing congestion and spectrum allocation in real-time, which benefits service providers and customers through improved efficiency and connectivity [6]. - The company’s patented Spectrum Slicing platform, part of the PrismIQ™ product family, significantly enhances Wi-Fi performance, offering 10x performance and up to 50% lower latency [7]. - Edgewater Wireless holds 26 granted patents and operates on a fabless model, aiming to transform Wi-Fi economics for various markets, including residential, enterprise, and Industrial IoT [7].
Edgewater Wireless Receives Exchange Approval for Winning Media LLC Engagement
Businesswire· 2025-12-23 06:02
Group 1 - Edgewater Wireless Systems Inc. has engaged Winning Media LLC to provide digital advertising and investor relations services for a term of two months [1][2] - Winning Media will receive a fee of US$50,000 for its services during the term of the agreement [2] - Winning Media does not currently own any interest in Edgewater Wireless or its securities [2] Group 2 - Edgewater Wireless specializes in enhancing Wi-Fi quality of service (QoS) by managing congestion and spectrum allocation in real-time [3] - The company’s patented AI-powered Spectrum Slicing platform 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, targeting residential, enterprise, and Industrial IoT markets [4]
Edgewater Wireless Announces AGM Results and Appoints Board Chair
Businesswire· 2025-12-11 10:55
Core Points - Edgewater Wireless Systems Inc. announced the successful passing of all resolutions at its Annual General Meeting held on December 10, 2025, including the election of four directors and the appointment of an auditor [1][2] Group 1: Company Governance - Shareholders approved the number of directors to be set at four and elected Brian Imrie, James Skippen, Ralph Garcea, and Andrew Skafel as directors until the next annual general meeting [1] - The appointment of Zeifmans LLP as the Company's auditor was also approved by the shareholders [1] - Brian Imrie was appointed as Chair of the Board until the next annual general meeting [2] Group 2: Company Overview - Edgewater Wireless specializes in Wi-Fi Spectrum Slicing technology, targeting residential, enterprise, and IoT markets [1] - The company claims to deliver 10x performance and up to 50% lower latency through its patented, AI-powered Spectrum Slicing platform, which allows multiple concurrent channels in a single band [4] - Edgewater Wireless holds 26 granted patents and operates on a fabless model, aiming to transform the economics of Wi-Fi for service providers, OEMs, and enterprises [4]
Edgewater Wireless Announces Proposed Warrant Extension
Businesswire· 2025-12-05 11:28
Core Viewpoint - Edgewater Wireless Systems Inc. is seeking to extend the expiry dates of its outstanding share purchase warrants, which allow holders to acquire a total of 8,330,000 common shares of the company [1][2]. Group 1: Warrant Details - The warrants were issued through a non-brokered private placement, consisting of two tranches: 7,830,000 warrants in the first tranche (closed on December 20, 2023) and 500,000 warrants in the second tranche (closed on February 26, 2024) [2]. - Each warrant from both tranches allows the purchase of one common share at an exercise price of $0.10 for a two-year period [2]. - The original expiry dates for the 2023 and 2024 warrants are December 20, 2025, and February 26, 2026, respectively, which the company proposes to extend by an additional 12 months [2]. Group 2: Company Overview - Edgewater Wireless specializes in enhancing Wi-Fi quality of service (QoS) by managing spectrum allocation and mitigating congestion, which leads to economic benefits for service providers and customers [3]. - The company’s patented AI-powered Spectrum Slicing platform, delivered through the PrismIQ™ product family, significantly improves Wi-Fi performance, offering 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, OEMs, and enterprises across various markets, including residential, enterprise, and Industrial IoT [4].
Edgewater Wireless Announces Completion of Ninth and Tenth Payments of Debenture Interest
Businesswire· 2025-11-06 11:49
Nov 6, 2025 6:49 AM Eastern Standard Time Edgewater Wireless Announces Completion of Ninth and Tenth Payments of Debenture Interest Share OTTAWA, Ontario--(BUSINESS WIRE)--Edgewater Wireless Systems Inc. (TSX-V: YFI) (OTC: KPIFF) (the "Company†or "Edgewater Wireless†) announces that it has settled its obligation to pay an aggregate of $17,850.96 in interest as of December 1, 2024 and $17,850.96 in interest as of March 1, 2025 to the holders of its unsecured debentures issued September 1, 2022 (the "Debent ...
Edgewater Wireless Announces Eleventh and Twelfth Payments of Debenture Interest
Businesswire· 2025-10-27 22:00
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]