secwatch.observer — SEC 8-K summary
======================================

Issuer:     HIGH WIRE NETWORKS, INC. (HWNI)
CIK:        0001413891
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001213900-21-057821
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413891/000121390021057821/0001213900-21-057821-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413891/000121390021057821/ea150207-8k_spectrum.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-057821

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer