---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-055575"
form_type: "8-K"
ticker: "HWNI"
cik: "0001413891"
company_name: "HIGH WIRE NETWORKS, INC."
filed_at: "2023-07-07T23:59:59+00:00"
generated_at: "2026-06-13T10:57:24.344544+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# High Wire Networks acquires software IP from John Peterson for $100K milestone payments and 20% equity in new entity

## Summary
- Company purchases certain software assets from John Peterson for $100,000 payable in $25,000 installments upon achieving specified milestones.
- Peterson receives 20% ownership in a new entity (NewCo) to hold the assets; HWNI owns the remaining 80%.
- Peterson gets a $2 million liquidation preference for up to 18 months post-closing if NewCo valuation is under $20 million.
- Peterson will become an employee of High Wire Networks as part of the agreement.
- The IP includes a browser plug-in for anti-phishing and other software, subject to representations and warranties.

## SEC filing metadata
- accession: 0001213900-23-055575
- form_type: 8-K
- ticker: HWNI
- cik: 0001413891
- company_name: HIGH WIRE NETWORKS, INC.
- filed_at: 2023-07-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1413891/000121390023055575/0001213900-23-055575-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1413891/000121390023055575/ea181412-8k_highwire.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-055575
- JSON: https://secwatch.observer/filing/0001213900-23-055575.json
- Plain text: https://secwatch.observer/filing/0001213900-23-055575.txt

## Key facts
- Material Agreements
  HIGH WIRE NETWORKS, INC. entered into Agreement with John Peterson valued at $100,000 (effective 2023-06-30).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: John Peterson
  - Value: $100,000
  - Effective: 2023-06-30
  source text: On June 30, 2023, High Wire Networks, Inc. (the “Company”) entered into an agreement (the “Agreement”) with John Peterson (“Peterson”), pursuant to which Peterson sold and the Company purchased certain intellectual property assets (the “Assets”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413891/000121390023055575/0001213900-23-055575-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.