Less than a week after announcing an $800,000 share offering, an Ottawa tech firm that makes technology aimed at boosting the performance of Wi-Fi networks is launching an additional offering worth up to $1.2 million due to what it says is “exceptional” market demand.
Edgewater Wireless, which trades on the TSX Venture Exchange, announced last Friday it was issuing nearly seven million units comprised of a common share and a future purchase warrant, with expected proceeds of $800,000.
On Thursday, the firm said the initial non-brokered private placement was “fully subscribed” and announced it was issuing an additional 9.2 million units valued at up to $1.2 million…. See link for full article.