Spectrum Global Solutions (HWN) closes $2.5M convertible note at 9.9% interest, conversion price $0.50

HIGH WIRE NETWORKS, INC.

Senior secured convertible note principal $2.5M, gross proceeds $2.425M (original issue discount).
Interest 9.9% per annum; convertible into common stock at fixed $0.50/share, subject to adjustment.
Note amortizes in 18 monthly installments beginning 10 months after issuance.
Company agreed to file resale registration statement for conversion shares within 30 days.
Issued to institutional investor Dominion Capital LLC in reliance on Section 4(a)(2) and Regulation D.

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