High Wire Networks Files 8-K: Material Agreement & Other Events
Ticker: HWNI · Form: 8-K · Filed: Jun 27, 2024 · CIK: 1413891
| Field | Detail |
|---|---|
| Company | High Wire Networks, INC. (HWNI) |
| Form Type | 8-K |
| Filed Date | Jun 27, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $11,200,000, $75,000, $300,000, $250,000, $3,756,675 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-k
Related Tickers: HWNI
TL;DR
HIGH WIRE NETWORKS (HWNI) filed an 8-K on 6/27/24 for a material definitive agreement. Details TBD.
AI Summary
On June 27, 2024, High Wire Networks, Inc. entered into a material definitive agreement, the details of which are not fully disclosed in this filing. The company also reported other events and filed financial statements and exhibits. High Wire Networks, Inc. is incorporated in Nevada and its fiscal year ends on December 31.
Why It Matters
This 8-K filing indicates a significant event for High Wire Networks, Inc., potentially involving a new material definitive agreement that could impact its business operations and financial standing.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could represent a significant change or risk for the company, but the lack of specific details in this report necessitates a medium risk assessment.
Key Players & Entities
- HIGH WIRE NETWORKS, INC. (company) — Registrant
- 000-53461 (company) — SEC File Number
- 260592672 (company) — IRS Number
- June 27, 2024 (date) — Date of Report
FAQ
What is the nature of the material definitive agreement entered into by High Wire Networks, Inc. on June 27, 2024?
The filing states that High Wire Networks, Inc. entered into a material definitive agreement on June 27, 2024, but the specific details of this agreement are not provided in this 8-K filing.
What other items are reported in this 8-K filing besides the material definitive agreement?
In addition to the entry into a material definitive agreement, the filing also reports 'Other Events' and 'Financial Statements and Exhibits'.
When is High Wire Networks, Inc.'s fiscal year end?
High Wire Networks, Inc.'s fiscal year ends on December 31.
In which state is High Wire Networks, Inc. incorporated?
High Wire Networks, Inc. is incorporated in Nevada.
What is the SEC file number for High Wire Networks, Inc.?
The SEC file number for High Wire Networks, Inc. is 000-53461.
Filing Stats: 1,193 words · 5 min read · ~4 pages · Grade level 14.4 · Accepted 2024-06-27 09:15:33
Key Financial Figures
- $11,200,000 — ess, for a base purchase price equal to $11,200,000, subject to adjustment as set forth in
- $75,000 — es with respect to such matters exceeds $75,000. Once the total of all such damages wit
- $300,000 — has been reached. At the Closing, (i) $300,000 of the Purchase Price was deposited int
- $250,000 — fication obligations, if any, and (iii) $250,000 of the Purchase Price was deposited int
- $3,756,675 — er 30, 2024 is greater than or equal to $3,756,675 (the "Performance Revenue Target"), the
- $3,000,000 — ue Target, but greater than or equal to $3,000,000, HWN and Buyer shall each receive 50% o
Filing Documents
- ea0208590-8k_highwire.htm (8-K) — 31KB
- ea020859001ex10-1_highwire.htm (EX-10.1) — 359KB
- ea020859001ex99-1_highwire.htm (EX-99.1) — 19KB
- ex99-1_001.jpg (GRAPHIC) — 14KB
- 0001213900-24-056375.txt ( ) — 688KB
- hwni-20240627.xsd (EX-101.SCH) — 3KB
- hwni-20240627_lab.xml (EX-101.LAB) — 33KB
- hwni-20240627_pre.xml (EX-101.PRE) — 22KB
- ea0208590-8k_highwire_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On June 27, 2024, the Company issued a press release announcing the transactions contemplated by the Asset Purchase Agreement, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
01 Financial Statement and Exhibits
Item 9.01 Financial Statement and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Asset Purchase Agreement dated June 27, 2024. 99.1 Press Release, dated June 27, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. High Wire Networks, Inc. Date: June 27, 2024 By: /s/ Mark Porter Name: Mark Porter Title: Chief Executive Officer 3