WIDEPOINT Enters Material Definitive Agreement
Ticker: WYY · Form: 8-K · Filed: Jan 29, 2024 · CIK: 1034760
| Field | Detail |
|---|---|
| Company | Widepoint Corp (WYY) |
| Form Type | 8-K |
| Filed Date | Jan 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $20 million |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: material-agreement, corporate-action
TL;DR
**WYY just signed a big deal, details pending, could be a game-changer.**
AI Summary
WIDEPOINT CORPORATION (WYY) filed an 8-K on January 29, 2024, to report an "Entry into a Material Definitive Agreement." This filing indicates that the company has entered into a significant contract or agreement, which could impact its future operations and financial performance. While the specific details of the agreement are not disclosed in this summary filing, investors should be aware that such an agreement could lead to new revenue streams or strategic partnerships, potentially affecting the stock's value.
Why It Matters
This filing signals a potentially significant business development for WIDEPOINT, which could lead to new revenue or strategic shifts. Investors should monitor for further details to understand the full impact.
Risk Assessment
Risk Level: medium — The risk is medium because a material agreement has been entered into, but the specific terms and financial impact are not yet disclosed, creating uncertainty.
Analyst Insight
A smart investor would add WIDEPOINT (WYY) to their watchlist and await a subsequent filing or press release that provides specific details about the "Material Definitive Agreement" to assess its potential impact on the company's financials and strategic direction before making any investment decisions.
Key Players & Entities
- WIDEPOINT CORPORATION (company) — the registrant filing the 8-K
- WYY (company) — the trading symbol for WIDEPOINT CORPORATION
- NYSE American (company) — the exchange where WIDEPOINT's common stock is registered
- January 29, 2024 (date) — the date of the earliest event reported and filing date
FAQ
What is the primary purpose of this 8-K filing by WIDEPOINT CORPORATION?
The primary purpose of this 8-K filing is to report an "Entry into a Material Definitive Agreement" by WIDEPOINT CORPORATION, as indicated under Item Information.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 29, 2024, as stated under 'Date of Report (Date of earliest event reported): January 29, 2024'.
What is the trading symbol and exchange for WIDEPOINT CORPORATION's common stock?
WIDEPOINT CORPORATION's common stock trades under the symbol WYY on the NYSE American exchange, as listed under 'Securities Registered pursuant to Section 12(b) of the Act'.
What is the state of incorporation for WIDEPOINT CORPORATION?
WIDEPOINT CORPORATION is incorporated in Delaware, as specified in the filing under 'State or Other Jurisdiction of Incorporation'.
Does this 8-K filing provide specific financial details or parties involved in the Material Definitive Agreement?
No, this 8-K filing, as presented, only states that a "Material Definitive Agreement" has been entered into but does not provide specific financial details, the names of the parties involved, or the nature of the agreement.
Filing Stats: 453 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-01-29 09:30:35
Key Financial Figures
- $0.001 — nge on Which Registered Common Stock, $0.001 par value per share WYY NYSE Americ
- $20 million — assuming all options are exercised--of $20 million. The Purchase Order includes a performa
Filing Documents
- wyy_8k.htm (8-K) — 20KB
- 0001654954-24-000963.txt ( ) — 140KB
- wyy-20240129.xsd (EX-101.SCH) — 6KB
- wyy-20240129_lab.xml (EX-101.LAB) — 14KB
- wyy-20240129_cal.xml (EX-101.CAL) — 1KB
- wyy-20240129_pre.xml (EX-101.PRE) — 9KB
- wyy-20240129_def.xml (EX-101.DEF) — 2KB
- wyy_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On January 24, 2024, WidePoint Corporation was issued a Purchase Order from a commercial entity (the "Entity") to provide services on the Entity's behalf to its US Government-end customer a full range of managed telecom solutions with a contract ceiling of – assuming all options are exercised--of $20 million. The Purchase Order includes a performance period of 5 years, consisting of a three-year base period and two one-year option periods. The foregoing description of the Purchase Order is qualified in its entirety by reference to the text of the Purchase Order, which will be filed with the Company's annual report on Form 10-K for the year ended December 31, 2023. 2
SIGNATURES
SIGNATURES 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. WIDEPOINT CORPORATION Date: January 29, 2024 /s/ Jin Kang Jin Kang Chief Executive Officer 3