Edgewater Wireless Closes First Tranche of Private Placement with Strategic Investor Support

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), a pioneer in AI-powered Wi-Fi Spectrum Slicing silicon solutions, announced the first closing of its non-brokered private placement financing. The company issued 7,155,879 units at $0.06 per unit, raising gross proceeds of approximately $429,353, subject to TSX Venture Exchange acceptance. The first tranche includes participation from a strategic investor and additional investors from the Silicon Catalyst ecosystem, underscoring growing Silicon Valley support for Edgewater’s patented Spectrum Slicing technology and its PrismIQ product roadmap.

Each unit consists of one common share and one warrant, entitling the holder to purchase an additional share at $0.09 per share for two years. The company also reported insider participation, with management acquiring 1,000,000 units for $60,000, which constitutes a related party transaction under Multilateral Instrument 61-101. Edgewater is relying on exemptions from formal valuation and minority shareholder approval, as the insider participation’s fair market value is not expected to exceed 25% of the company’s market capitalization.

Andrew Skafel, President and CEO of Edgewater Wireless, stated, ‘This first close is an important execution milestone for Edgewater. 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.’ The company plans to use net proceeds for semiconductor design, engineering, and product development related to its Spectrum Slicing prototype, as well as general working capital.

The offering included a cash commission of $2,478 and 41,300 finder’s warrants to an arm’s length finder. All securities are subject to a four-month statutory hold period. Edgewater may complete additional tranches subject to market conditions and regulatory approvals.

This development highlights the increasing industry validation for Edgewater’s Spectrum Slicing technology, which enables multiple concurrent channels within a single band to deliver higher capacity, lower latency, and more deterministic performance. As a Silicon Catalyst portfolio company, Edgewater is advancing a differentiated platform for service provider networks, autonomous systems, and critical communications infrastructure. The strategic investor’s involvement suggests confidence in Edgewater’s ability to execute its next stage of growth and capitalize on the demand for high-reliability wireless connectivity.

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