(via TheNewswire)

Strategic investor secured alongside additional Silicon Catalyst-related participation, reflecting growing Silicon Valley support for Edgewater’s Spectrum Slicing roadmap

June 29, 2026 – TheNewswire - Ottawa, Canada and Santa Clara, USA – Edgewater Wireless Systems Inc. ( TSXV: YFI ) ( OTC: KPIFF ), the industry pioneer of AI-powered Wi-Fi Spectrum Slicing™ silicon solutions and IP, today

is pleased to announce the first closing of its previously announced non-brokered private placement financing through the issuance of 7,155,879 units of the Company (“Units”) at a price of $0.06 per Unit for gross proceeds of approximately $429,353, subject to final acceptance of the TSX Venture Exchange.

The first close includes participation from a strategic investor, together with additional Silicon Catalyst-related investor participation, underscoring growing Silicon Valley support for Edgewater’s patented Spectrum Slicing™ technology, PrismIQ™ product roadmap and strategic execution plan.

Each Unit consists of one common share of the Company and one common share purchase warrant, with each warrant entitling the holder to acquire one additional common share of the Company at an exercise price of $0.09 per share for a period of two years from the closing date.

“This first close is an important execution milestone for Edgewater,” said Andrew Skafel, President and CEO of Edgewater Wireless. “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. We believe this support reflects both validation of our technology and confidence in our ability to advance the next stage of our strategic plan.”

Management participation in the Offering demonstrates continued alignment with shareholders and confidence in the Company’s strategic direction. The participation by insiders the Company, for an aggregate of 1,000,000 units for gross proceeds of $60,000, constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on applicable exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 as the fair market value of the insider participation is not expected to exceed 25% of the Company’s market capitalization.

The Company intends to use the net proceeds from the Offering for semiconductor design, engineering and product development related to its Spectrum Slicing™ prototype and for general working capital. The Company may complete one or more additional tranches of the Offering, subject to market conditions and applicable regulatory approvals.

The Company paid a cash commission of $2,478 to an arm’s length finder in connection with the Offering (equal to 7.0% of the aggregate gross proceeds raised from units sold to subscribers introduced by the finder to the Company).  The Company also issued 41,300 finder’s warrants to the finder in connection with the Offering (equal to 7.0% of the Units sold to subscribers introduced by the finder to the Company).  Each finder’s warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.09 per share for a period of 24 months from the closing date of the Offering.  

All securities issued in connection with the first tranche are subject to a statutory hold period of four months from the date of issuance, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

About Edgewater Wireless

We make Wi-Fi. Better.

Edgewater Wireless delivers unmatched Wi-Fi QoS—bar none—by intelligently mitigating congestion, allocating spectrum in real time, and autonomously optimizing channel and link density to keep networks fast, fair, and reliable when performance cannot fail. Built from the silicon up, Edgewater’s patented, AI-powered Wi-Fi Spectrum Slicing™ platform—delivered through the PrismIQ™ product family—enables multiple concurrent channels within a single band, supporting more usable capacity, lower latency and more deterministic performance.

As a Silicon Catalyst portfolio company, Edgewater is advancing a differentiated, standards-leading platform for the next era of connectivity across service provider networks, autonomous systems, critical communications infrastructure and other high-reliability wireless applications.

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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

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws.  The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct.  By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless’ actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions.  Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose.  Edgewater Wireless undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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