Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
HIGH WIRE NETWORKS, INC. incurred convertible notes of up to $5,000,000 with accredited investors at 18% per annum maturing 18 months after issuance.
- Instrument
- convertible notes
- Principal
- up to $5,000,000
- Counterparty
- accredited investors
- Rate
- 18% per annum
- Maturity
- 18 months after issuance
- Event
- incurrence
Exact text from the filing
18% Senior Secured Convertible Promissory Notes having an aggregate principal amount of up to $5,000,000
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HIGH WIRE NETWORKS, INC. entered into Securities Purchase Agreement with accredited investors valued at up to $5,000,000 (effective 2023-09-25).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- accredited investors
- Value
- up to $5,000,000
- Effective
- 2023-09-25
Exact text from the filing
On September 25, 2023, High Wire Networks, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) pursuant to which the Company may issue to accredited investors (the “Investors”) 18% Senior Secured Convertible Promissory Notes having an aggregate principal amount of up to $5,000,000 (the “Notes”) and Common Share Purchase Warrants (the “Warrant”) to purchase up to 1,000,000 shares of common stock (“Common Stock”) of the Company per $100,000 of principal amount of the Notes (the “Warrant Shares”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HIGH WIRE NETWORKS, INC. entered into Security Agreement with the Investor, the Guarantors and the Agent (effective 2023-09-25).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- the Investor, the Guarantors and the Agent
- Effective
- 2023-09-25
Exact text from the filing
On September 25, 2023, the Company, the Investor, the Guarantors and the Agent also entered into a security agreement (the “Security Agreement”) pursuant to which the Notes are secured by a lien in, and security interest upon, and a right of set-off against all of its right, title and interest of whatsoever kind and nature in and to, all assets of the Company and the Guarantors, subject to customary and mutually agreed permitted liens.
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