Edgewater Wireless Systems Inc. Settles Interest Obligations with Share Issuance and Grants Stock Options

Ottawa, Canada — October 30, 2026 — Leads & Copy — Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF) announced a significant debt settlement transaction through the issuance of common shares. The company will issue an aggregate of 1,421,982 common shares at a deemed price of $0.05 per share to settle outstanding interest obligations on its unsecured debentures issued on September 1, 2022. The total interest being settled amounts to $17,726.30 as of December 1, 2025, $17,531.51 as of March 1, 2026, $17,921.10 as of June 1, 2026, and $17,921.10 as of September 1, 2026. These shares will be issued in full satisfaction of these specific interest payment obligations, as stipulated by the terms of the Debentures.

The proposed debt settlement is subject to the approval of the TSX Venture Exchange. This transaction also involves certain directors of the Company, who will receive an aggregate of 265,995 Shares. Consequently, the share issuance is classified as a “related party transaction” under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (MI 61-101). Edgewater Wireless Systems intends to rely on exemptions provided in MI 61-101, specifically sections 5.5(a) and 5.7(1)(a), for the formal valuation and minority shareholder approval requirements. This reliance is based on the assertion that neither the fair market value of the Shares nor the debt being settled exceeds 25% of the Company’s market capitalization.

In a separate announcement, Edgewater Wireless Systems Inc. also revealed the granting of incentive stock options to certain employees and technical consultants. A total of up to 900,000 common shares of the Company may be purchased through these options, granted under its equity incentive plan. Each stock option will be exercisable at a price of $0.05 per share and will expire five years from their respective grant dates.

Edgewater Wireless Systems Inc. focuses on enhancing Wi-Fi technology through its patented, AI-powered Wi-Fi Spectrum Slicing™ platform. This technology, delivered via the PrismIQ™ product family, allows for multiple concurrent channels within a single Wi-Fi band, aiming to improve spectrum utilization, reliability, latency, and Quality of Service, particularly in congested and high-density environments. The PrismIQ™ platform is a Wi-Fi 8-ready silicon solutions platform designed for residential, enterprise, Industrial IoT, and high-reliability wireless applications. The company has 26 granted patents and three pending AI-related patent applications. Edgewater operates a capital-efficient fabless model, developing scalable silicon, IP, and reference solutions for the next generation of intelligent wireless connectivity.

Source: Edgewater Wireless Systems Inc.