Edgewater Wireless Announces Completion of Seventh and Eighth Payment of Debenture Interest
Edgewater Wireless Systems (TSX-V: YFI, OTC: KPIFF) has completed its seventh and eighth interest payments on unsecured debentures issued September 1, 2022. The company settled interest payments of $18,047.12 each, due on June 1, 2024, and September 1, 2024, through the issuance of 360,936 common shares for each payment at a deemed price of $0.05 per share.
The TSX Venture Exchange has approved this debt settlement. Company directors received 139,130 shares as part of this transaction, constituting a 'related party transaction' under MI 61-101. The company is exempt from formal valuation and minority shareholder approval requirements as neither the shares' fair market value nor the debt exceeds 25% of the company's market capitalization.
Edgewater Wireless Systems (TSX-V: YFI, OTC: KPIFF) ha completato i settimi e ottavi pagamenti di interessi su obbligazioni non garantite emesse il 1° settembre 2022. L'azienda ha saldato pagamenti di interessi di $18,047.12 ciascuno, dovuti il 1° giugno 2024 e il 1° settembre 2024, attraverso l'emissione di 360,936 azioni ordinarie per ciascun pagamento a un prezzo presunto di $0.05 per azione.
La Borsa valori TSX Venture ha approvato questo regolamento del debito. I direttori dell'azienda hanno ricevuto 139,130 azioni come parte di questa transazione, costituendo una 'transazione con parti correlate' ai sensi della MI 61-101. L'azienda è esente dai requisiti di valutazione formale e approvazione degli azionisti di minoranza poiché né il valore di mercato equo delle azioni né il debito superano il 25% della capitalizzazione di mercato dell'azienda.
Edgewater Wireless Systems (TSX-V: YFI, OTC: KPIFF) ha completado sus séptimos y octavos pagos de intereses sobre bonos no garantizados emitidos el 1 de septiembre de 2022. La empresa liquidó pagos de intereses de $18,047.12 cada uno, vencidos el 1 de junio de 2024 y el 1 de septiembre de 2024, mediante la emisión de 360,936 acciones ordinarias por cada pago a un precio considerado de $0.05 por acción.
La Bolsa de Valores de TSX Venture ha aprobado este acuerdo de deuda. Los directores de la empresa recibieron 139,130 acciones como parte de esta transacción, constituyendo una 'transacción con partes relacionadas' bajo la MI 61-101. La empresa está exenta de los requisitos de valoración formal y la aprobación de los accionistas minoritarios, ya que ni el valor de mercado justo de las acciones ni la deuda superan el 25% de la capitalización de mercado de la empresa.
엣지워터 무선 시스템즈 (TSX-V: YFI, OTC: KPIFF)는 2022년 9월 1일에 발행된 무담보 전환사채에 대한 7번째 및 8번째 이자 지급을 완료했습니다. 회사는 2024년 6월 1일 및 2024년 9월 1일에 만기가 도래하는 $18,047.12의 이자 지급을 360,936주의 보통주 발행을 통해 각 지급에 대해 $0.05의 가정 가격으로 정산했습니다.
TSX 벤처 거래소는 이 채무 정산을 승인했습니다. 회사 이사는 이 거래의 일환으로 139,130주를 받았으며, 이는 MI 61-101에 따른 '관련 당사자 거래'를 구성합니다. 회사는 주식의 공정 시장 가치나 부채가 회사의 시가총액의 25%를 초과하지 않기 때문에 공식 평가 및 소수 주주 승인 요구 사항에서 면제됩니다.
Edgewater Wireless Systems (TSX-V: YFI, OTC: KPIFF) a effectué ses septième et huitième paiements d'intérêts sur des débentures non garanties émises le 1er septembre 2022. L'entreprise a réglé des paiements d'intérêts de $18,047.12 chacun, dus le 1er juin 2024 et le 1er septembre 2024, par l'émission de 360,936 actions ordinaires pour chaque paiement à un prix réputé de 0,05 $ par action.
La Bourse de croissance TSX a approuvé ce règlement de dette. Les directeurs de l'entreprise ont reçu 139,130 actions dans le cadre de cette transaction, constituant une 'transaction avec parties liées' en vertu de la MI 61-101. L'entreprise est exemptée des exigences d'évaluation formelle et d'approbation des actionnaires minoritaires, car ni la juste valeur marchande des actions ni la dette ne dépassent 25 % de la capitalisation boursière de l'entreprise.
Edgewater Wireless Systems (TSX-V: YFI, OTC: KPIFF) hat die siebten und achten Zinszahlungen auf unbesicherte Anleihen, die am 1. September 2022 ausgegeben wurden, abgeschlossen. Das Unternehmen hat Zinszahlungen von $18,047.12 jeweils, die am 1. Juni 2024 und am 1. September 2024 fällig sind, durch die Ausgabe von 360,936 Stammaktien für jede Zahlung zu einem angenommenen Preis von $0.05 pro Aktie beglichen.
Die TSX Venture Exchange hat diesen Schuldenausgleich genehmigt. Die Unternehmensdirektoren erhielten 139,130 Aktien als Teil dieser Transaktion, was eine 'Transaktion mit nahestehenden Parteien' gemäß MI 61-101 darstellt. Das Unternehmen ist von den Anforderungen an eine formelle Bewertung und die Genehmigung der Minderheitsaktionäre befreit, da weder der faire Marktwert der Aktien noch die Schulden 25 % der Marktkapitalisierung des Unternehmens überschreiten.
- Successful settlement of debt obligations through share issuance
- Obtained TSX Venture Exchange approval for the debt settlement
- Dilution of existing shareholders through issuance of 721,872 new shares
- Related party transaction involving company directors receiving shares
Certain directors of the Company received an aggregate of 139,130 Shares and therefore the share issuance constitutes a “related party transaction” as that term is defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company will rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the Shares nor the debt exceeds
About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless (edgewaterwireless.com) is the industry leader in innovative Spectrum Slicing technology for residential and commercial markets. We develop advanced Wi-Fi silicon solutions, Access Points, and IP licensing designed to meet the high-density and high quality-of-service needs of service providers and their customers. With 26 granted patents, Edgewater’s In-band Multi-Channel Wi-Fi technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.
Edgewater’s physical layer Spectrum Slicing allows a frequency band to be divided or sliced to enable more radios to operate in a given area. Think of Spectrum Slicing like moving from a single-lane road to a multi-lane highway — regardless of Wi-Fi technology. The recently completed Proof of Concept (PoC) with a major Tier 1 Service Provider showed 7 to 18 times performance gains in
For more information, visit edgewaterwireless.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250213910863/en/
Edgewater Wireless Contacts:
Andrew Skafel, President and CEO
E: andrews@edgewaterwireless.com
Bill Mitoulas, Investor Relations
E: ir@edgewaterwireless.com
T: +1.416.479.9547
Source: Edgewater Wireless Systems Inc.
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