OTTAWA, Ontario: 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 “Debentures”) through the issuance of an aggregate of 357,016 common shares of the Company at a deemed price of $0.05 per share and 238,010 common shares of the Company at a deemed price of $0.075 per share (collectively, the “Shares”). The Shares are issued in full satisfaction of the December 1, 2024, and March 1, 2025, interest payment obligations in accordance with the terms of the Debentures. The debt settlement has been approved by the TSX Venture Exchange.

Certain directors of the Company received an aggregate of 114,683 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 25% of the Company’s market capitalization.

About Edgewater Wireless

We make Wi-Fi. Better.

Edgewater Wireless delivers unmatched Wi-Fi QoS-bar none-by intelligently mitigating congestion, managing spectrum allocation in real-time, and autonomously reconfiguring channel and link density-driving economic gains for service providers and their customers through reduced churn, improved efficiency, and high-performance connectivity in dense environments.

Redefining Wi-Fi from the silicon up, Edgewater’s patented, AI-powered Spectrum Slicing platform-delivered through the PrismIQ™ product family-breaks the limits of legacy Wi-Fi by enabling multiple concurrent channels in a single band. Wi-Fi Spectrum Slicing delivers 10x performance and up to 50% lower latency, even for legacy devices. With 26 patents and a fabless model, Edgewater is transforming the economics of Wi-Fi for service providers, OEMs, and enterprises-powering scalable, standards-aligned/leading connectivity across residential, enterprise, and Industrial IoT markets. A Silicon Catalyst portfolio company, Edgewater is building the intelligent wireless foundation for the next era of global connectivity.

Visit https://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.

Fonte: Business Wire