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Edgewater Wireless Systems Inc V.YFI

Alternate Symbol(s):  KPIFF

Edgewater Wireless Systems Inc. is engaged in Spectrum Slicing technology for residential and commercial markets. The Company develops advanced wireless fidelity (Wi-Fi) silicon solutions, access points, and intellectual property (IP) licensing designed to meet the service needs of service providers and their customers. Its physical layer Spectrum Slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Its silicon solutions are products delivering multiple, concurrent channels of Tx and Rx from a single, Wi-Fi standard compliant radio. Its Spectrum Slicing powered products are designed to address the needs of carrier-class, high-density Wi-Fi for both residential and commercial deployments. Its products are designed with its comprehensive, user- friendly and intuitive Element Management System-EdgeNet, that offers service providers with flexibility in configuring and independently monitoring each 802.11 channel in the network.


TSXV:YFI - Post by User

Comment by Pandoraon Jun 02, 2023 3:53pm
69 Views
Post# 35477633

RE:I wonder …..

RE:I wonder …..
When you have no money you are kind of strapped but for some things you can always issue more shares.

 

Edgewater Wireless to settle $18,047 debt with shares

 

2023-06-02 14:07 ET - News Release

 

Mr. Andrew Skafel reports

EDGEWATER WIRELESS ANNOUNCES PAYMENT OF DEBENTURE INTEREST

Edgewater Wireless Systems Inc. has elected to satisfy its obligation to pay an aggregate of $18,047.12 in interest as of June 1, 2023, to the holders of its unsecured debentures issued Sept. 1, 2022, through the issuance of an aggregate of 334,822 common shares of the company. The debt shares will be issued at a deemed price of 5.39 cents per share in full satisfaction of the June 1 interest payment obligation in accordance with the terms of the debentures. The shares for debt transaction remains subject to approval of the TSX Venture Exchange.

Interest on the debentures is calculated at a rate of 10 per cent per annum (non-compounded), payable quarterly in arrears in cash or, at the election of the company, in common shares. Subject to TSX-V acceptance, any interest that has accrued on the principal amount outstanding under the debenture will be payable in shares at a price per share which equals the higher of the market price (as that term is defined in the policies of the TSX-V) on the date the accrued interest becomes payable, or the volume-weighted average trading price of the shares on the TSX-V for the 10 consecutive trading days preceding the date the accrued interest becomes payable. For more information regarding the debentures please see the company's news release dated Sept. 1, 2022.

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