EnWave Corporation Announces LIFE Offering Private Placement of up to $3 Million

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VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") is pleased to announce that it has entered into an agreement with Clarus Securities Inc. (“Clarus”), as lead agent and sole bookrunner, pursuant to which Clarus has agreed to sell, on a “best efforts” private placement basis, up to 7,500,000 common shares of the Company (the “Shares”) at a price per Share of C$0.40 (the “Issue Price”) for aggregate gross proceeds to the Company of up to C$3,000,000 (the “Offering”), to be issued and sold under the Listed Issuer Financing Exemption (hereinafter defined). The Offering is subject to, and will not proceed without, the receipt by the Company of a minimum of C$2,000,000 in gross proceeds from the Offering.

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