secwatch.observer — SEC 8-K summary
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Issuer:     HIGH WIRE NETWORKS, INC. (HWNI)
CIK:        0001413891
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001213900-23-015579
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

High Wire Networks amends factoring agreement, adds subsidiaries, increases credit limit to $9M
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- Amendment adds HWN, Inc. and Secure Voice Corp. as sellers under factoring agreement with Bay View Funding.
- Maximum borrowings increased to $9,000,000 outstanding at any time.
- Advance rate of 90% of face value of assigned accounts receivable.
- Factoring fee 0.45% for first 30 days, then 0.25% per 15 days; finance fee Prime + 1.75% with 9.25% floor.
- Initial term through February 28, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413891/000121390023015579/0001213900-23-015579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413891/000121390023015579/ea174433-8k_highwire.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-015579

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