Edgewater Wireless Upsizes Private Placement: A Vote of Confidence in Wi-Fi Innovation

Edgewater Wireless Systems Inc. (TSX-V: YFI) has announced an upsize of its previously announced non-brokered private placement financing from $1.1 million to $1.95 million. The company may now issue up to 39 million units at a price of $0.05 per unit. This move signals a strong vote of confidence from investors in Edgewater's innovative Spectrum Slicing technology and its potential to revolutionize Wi-Fi connectivity.

Edgewater Wireless specializes in developing 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, the company's In-band Multi-Channel Wi-Fi technology allows a frequency band to be divided or sliced, enabling more radios to operate in a given area. This innovative approach is akin to moving from a single-lane road to a multi-lane highway, regardless of Wi-Fi technology.

The recent Proof of Concept (PoC) conducted with a major Tier 1 Service Provider demonstrated the potential of Edgewater's technology. The PoC showed 7 to 18 times performance gains in 75% of homes surveyed, with homes having the most devices seeing the greatest improvements. This success has likely attracted more investors, leading to the increased funding target.

The growing demand for high-density and high-quality Wi-Fi services, driven by the increasing number of connected devices and the rise of smart homes and IoT, has encouraged Edgewater to seek additional capital to expand its offerings. The strong performance of the tech sector, particularly in the Wi-Fi and networking space, has also provided a favorable market environment for Edgewater to raise more funds.

The upsize of Edgewater's private placement could indicate growing investor confidence in the company's innovative Spectrum Slicing technology and its potential to revolutionize Wi-Fi. Assuming a simple linear relationship between funding and valuation, the increased placement could imply a higher valuation for Edgewater. However, future funding rounds will depend on factors like market conditions, investor appetite, and Edgewater's financial performance.



The increased private placement may also enhance Edgewater's ability to attract future investors and secure additional funding. The upsize demonstrates a strong demand for the company's shares and signals that Edgewater is well-positioned to secure further capital in the future.

In conclusion, Edgewater Wireless' decision to upsize its private placement financing reflects the growing investor interest in the company's innovative Spectrum Slicing technology and its potential to improve Wi-Fi connectivity and capacity. As the demand for high-density and high-quality Wi-Fi services continues to grow, Edgewater is well-positioned to capitalize on this trend and deliver next-generation Wi-Fi solutions to its customers.