Edgewater Wireless Systems (TSE:YFI) has released an update.
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Edgewater Wireless Systems Inc. has successfully distributed $17,850.96 in interest to holders of its unsecured debentures by issuing 357,016 common shares, adhering to the terms set for the March 2024 interest payment. This strategic financial move, approved by the TSX Venture Exchange, includes transactions with company directors, classified as ‘related party transactions’ but falls within exemption limits of market regulations. Edgewater Wireless, known for its pioneering spectrum slicing technology, enhances Wi-Fi performance, evidenced by significant gains in recent Tier 1 service provider tests.
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