{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-019207","form_type":"8-K","ticker":"HWNI","cik":"0001413891","company_name":"HIGH WIRE NETWORKS, INC.","filed_at":"2023-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.840172+00:00","generated_at":"2026-06-18T05:21:06.678742+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"High Wire Networks sells legacy staffing business for ~$11.5M in debt reduction and preferred stock cancellation","bullets":["Sold ADEX Corp., ADEX Canada, ADEX Puerto Rico, and ADEXCOMM to ADEX Acquisition Corp. for $1 cash plus assumption of ~$10M debt and cancellation of 140 Series D preferred shares.","Debt elimination reduces monthly payments by ~$325,000.","Company to focus on cybersecurity and technology enablement, which have strong growth.","Sale closed simultaneously with signing on March 6, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-019207","json":"https://secwatch.observer/filing/0001213900-23-019207.json","markdown":"https://secwatch.observer/filing/0001213900-23-019207.md","text":"https://secwatch.observer/filing/0001213900-23-019207.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1413891/000121390023019207/0001213900-23-019207-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1413891/000121390023019207/ea174895-8k_highwire.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T05:21:06.678742+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b3a80564c87e64921d2ab38add980cf11376ace6","claim":"HIGH WIRE NETWORKS, INC. entered into Agreement with ADEX Acquisition Corp. valued at approximately $11.5 million (effective 2023-03-06).","evidence_excerpt":"entered into a stock purchase agreement (the “Agreement”), by and among ADEX Corporation, ADEX Canada LTD., ADEX Puerto Rico, LLC and ADEXCOMM, and ADEX Acquisition Corp., pursuant to which the Company sold to ADEX Acquisition Corp. its legacy staffing business in a transaction valued at approximately $11.5 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1413891/000121390023019207/0001213900-23-019207-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"ADEX Acquisition Corp."},{"label":"Value","value":"approximately $11.5 million"},{"label":"Effective","value":"2023-03-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}