12:11:34 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



EnWave Corp
Symbol ENW
Shares Issued 110,695,055
Close 2023-09-25 C$ 0.26
Market Cap C$ 28,780,714
Recent Sedar Documents

EnWave hires SagePoint as capital markets adviser

2023-09-25 20:46 ET - News Release

Mr. Brent Charleton reports

ENWAVE ENGAGES SAGEPOINT CAPITAL PARTNERS TO PROVIDE STRATEGIC CAPITAL MARKETS AND CORPORATE DEVELOPMENT ADVISORY SERVICES

EnWave Corp. has engaged SagePoint Capital Partners Inc. to provide strategic capital markets and corporate development advisory services for the company. SagePoint will provide EnWave with a comprehensive capital markets plan to expand its profile with high-net-worth and institutional investors.

EnWave is to remunerate SagePoint at the rate of $13,333 per month, and the service agreement is subject to termination upon 30 days notice by either party after the first three months of service. Additionally, the company has granted SagePoint an aggregate of 250,000 incentive stock options. The grant of options is subject to the terms of the company's stock option plan, exercisable at a price of 31 cents. The options are exercisable for a term of five years and will vest quarterly over the next 12 months in accordance with the provisions set out in the plan, or as otherwise required by the TSX Venture Exchange. The grant of the options is subject to approval by the TSX-V.

About EnWave Corp.

EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Delta, B.C., EnWave has developed a robust intellectual property portfolio, perfected its Radiant Energy Vacuum (REV) technology, and transformed an innovative idea into a proven, consistent and scalable drying solution for the food, pharmaceutical and cannabis industries that vastly outperforms traditional drying methods in efficiency, capacity, product quality and cost.

With more than 50 royalty-generating partners spanning 26 countries and five continents, EnWave's licensed partners are creating profitable, never-before-seen snacks and ingredients, improving the quality and consistency of their existing offerings, running leaner, and getting to market faster with the company's patented technology, licensed machinery and expert guidance.

EnWave's strategy is to sign royalty-bearing commercial licences with food producers which want to dry better, faster and more economical than freeze drying, rack drying and air drying, and enjoy the following benefits of producing exciting new products, reaching optimal moisture levels up to seven times faster, and improve product taste, texture, colour and nutritional value.

We seek Safe Harbor.

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