High Wire Networks raises $6M through private placement of 80M shares at $0.075

HIGH WIRE NETWORKS, INC.

Issued 80,000,000 shares of common stock at $0.075 per share for gross proceeds of $6,000,000.
Proceeds to retire outstanding convertible debt, fund working capital, and general corporate purposes.
Sale to accredited investors under Rule 506(b); shares unregistered and subject to legend.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HIGH WIRE NETWORKS, INC. entered into Securities Purchase Agreement with several accredited investors valued at $6,000,000 (effective 2022-11-18).

Action: entry
Agreement: equity purchase
Counterparty: several accredited investors
Value: $6,000,000
Effective: 2022-11-18

Exact text from the filing

On November 18, 2022, High Wire Networks, Inc., a Nevada corporation (the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with several accredited investors (the “Investors”) for the offering, sale, and issuance (the “Offering”) by the Company of an aggregate of 80,000,000 shares of its common stock, $0.00001 par value (the “Common Stock”) at a price per share of $0.075.

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HIGH WIRE NETWORKS, INC. filing history →

Source: SEC EDGAR

accession 0001213900-22-075242

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