High Wire : Non-Reliance on Previously Issued Financial Report - Form 8-K
December 08, 2023 at 12:34 pm
Share
Item 1.01. Entry into a Material Definitive Agreement.
As previously reported on a Current Report on Form 8-K dated September 29, 2023, on September 25, 2023, High Wire Networks, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") pursuant to which the Company agreed to issue to accredited investors (the "Investors") 18% Senior Secured Convertible Promissory Notes having an aggregate principal amount of up to $5,000,000 (the "Notes") and Common Stock Purchase Warrants to purchase up to 1,000,000 shares of common stock of the Company per $100,000 of principal amount of the Notes. As of December 5, 2023, the Company has issued $1,220,000 in principal amount of the Notes to the Investors, and the Company does not intend to issue additional Notes under the Purchase Agreement. As a result, the Company will not receive additional funds pursuant to the Purchase Agreement.
High Wire Networks Inc. published this content on 08 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2023 12:33:28 UTC.
High Wire Networks, Inc. is a provider of managed cybersecurity, managed networks, and tech enabled professional services delivered through a channel sales model. The Company's offerings include Managed Services and Technology Solutions. Managed Services segment includes Overwatch Managed Security business, which offers organizations an end-to-end protection for networks, data, endpoints, and users via multiyear recurring revenue contracts. Overwatch delivers services through Managed Service Providers (MSPs), strategic partnerships and alliances, and Value-Added Resellers (VARs). Technology Solutions segment provide technology enabled professional and managed services for a range of clients. This segment provides planning, installation, project management, and ongoing support for break/fix services. The Company delivers a range of services across a range of technologies that include Wi-Fi, networking, SD-WAN, distributed antenna systems, wireless carrier networking, and others.
HIGH WIRE NETWORKS, INC. 
