secwatch.observer — SEC 8-K summary
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Issuer:     HIGH WIRE NETWORKS, INC. (HWNI)
CIK:        0001413891
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001213900-23-080748
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

High Wire Networks enters $5M convertible note financing; issues $1.15M initially
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- Up to $5M 18% senior secured convertible notes; initial $1.15M issued to two institutional investors.
- Notes convertible at $0.10/share after 18-month maturity; warrants exercisable at $0.15/share for 5 years.
- Proceeds to provide growth capital and retire higher-interest debt, per CFO Curtis Smith.
- R.F. Lafferty & Co acted as financial advisor; Pryor Cashman LLP as legal advisor.
- Notes secured by all assets of company and guarantors; prepayment penalty declines monthly from 1.18x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413891/000121390023080748/0001213900-23-080748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413891/000121390023080748/ea185953-8k_highwire.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-080748

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