Edgewater Wireless Systems Inc. (TSX.V: YFI) (OTCQB: KPIFF), the developer of WiFi3â¢ wideband, concurrent multi-channel WiFi chipsets and access point products for high-density wireless networks proposes to extend the term of an aggregate of 4,777,112 outstanding share purchase warrants set to expire on July 14, 2018 and July 24, 2018 by two years to July 14, 2020, the company said.
The warrants were issued pursuant to a non-brokered private placement of units completed by the company in two tranches on July 14, 2015 and July 24, 2015 with an original term of three years. The exercise price of the warrants will remain at USD 0.375 per share. The extension of the warrants is subject to the acceptance of the TSX Venture Exchange.
Edgewater Wireless develops and commercializes edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced product solutions designed to meet the high-density, high quality of service (QoS) and high-reliability needs of service providers and their customers. Leveraging over twenty-four (24) patents, Edgewater´s WiFi3â¢ is redefining WiFi technology with its wide-band, multi-channel radio and high-capacity Access Point solutions, and delivering next generation WiFi, today.