WidePoint Corp Files 8-K: Material Definitive Agreement
Ticker: WYY · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1034760
| Field | Detail |
|---|---|
| Company | Widepoint Corp (WYY) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $254 m, $500 million, $754 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, filing
Related Tickers: WPNT
TL;DR
WPNT signed a big deal, filing shows. Details to come.
AI Summary
On June 20, 2024, WidePoint Corporation entered into a Material Definitive Agreement, the details of which are not fully disclosed in this filing but are indicated by the filing of financial statements and exhibits. The company, incorporated in Delaware with its principal executive office in Fairfax, Virginia, is involved in computer integrated systems design.
Why It Matters
This filing indicates a significant new agreement for WidePoint Corporation, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the agreement's terms and financial implications introduces uncertainty.
Key Players & Entities
- WIDEPOINT CORPORATION (company) — Registrant
- June 20, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- Fairfax, Virginia (location) — Address of Principal Executive Office
- 7373 (sic_code) — Standard Industrial Classification
FAQ
What is the nature of the Material Definitive Agreement entered into by WidePoint Corporation?
The filing does not disclose the specific nature or terms of the Material Definitive Agreement, only that one was entered into on June 20, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on June 20, 2024.
Where is WidePoint Corporation's principal executive office located?
WidePoint Corporation's principal executive office is located at 11250 Waples Mill Road, South Tower 210, Fairfax, Virginia 22030.
What is WidePoint Corporation's Standard Industrial Classification code?
WidePoint Corporation's Standard Industrial Classification code is 7373, which corresponds to SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN.
What is the filing date of this 8-K report?
This 8-K report was filed as of June 25, 2024.
Filing Stats: 497 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-06-25 09:00:31
Key Financial Figures
- $0.001 — nge on Which Registered Common Stock, $0.001 par value per share WYY NYSE Americ
- $254 m — e of the Company's CWMS 2.0 contract by $254 million, from $500 million to a total cei
- $500 million — CWMS 2.0 contract by $254 million, from $500 million to a total ceiling of $754 million. The
- $754 million — from $500 million to a total ceiling of $754 million. The increase allows the DHS to issue t
Filing Documents
- wyy_8k.htm (8-K) — 22KB
- wyy_ex991.htm (EX-99.1) — 6KB
- wyy_ex991img2.jpg (GRAPHIC) — 3KB
- 0001654954-24-008139.txt ( ) — 156KB
- wyy-20240620.xsd (EX-101.SCH) — 6KB
- wyy-20240620_lab.xml (EX-101.LAB) — 14KB
- wyy-20240620_cal.xml (EX-101.CAL) — 1KB
- wyy-20240620_pre.xml (EX-101.PRE) — 9KB
- wyy-20240620_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 June 20, 2024, WidePoint Corporation was issued a Contract Modification from the Department of Homeland Security to increase the potential total contract value of the Company's CWMS 2.0 contract by $254 million, from $500 million to a total ceiling of $754 million. The increase allows the DHS to issue task orders up to the new ceiling value. All other terms and conditions of the existing contract remain unchanged. In addition, the Company issued a press release on June 25, 2024 further describing the contract action, which press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K. The foregoing description of the modification is qualified in its entirety by reference to the text of the modification, which will be filed with the Company's quarterly report on Form 10-Q for the period ended June 30, 2024.
01(d) Financial Statements and Exhibits
Item 9.01(d) Financial Statements and Exhibits. Exhibit 99.1 Press Release dated June 24, 2024 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: June 25, 2024 /s/ Jin Kang Jin Kang Chief Executive Officer 3