secwatch.observer — SEC 8-K summary
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Issuer:     HIGH WIRE NETWORKS, INC. (HWNI)
CIK:        0001413891
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001213900-23-094204
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.02, 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

High Wire Networks restates Q1/Q2 2023, reports preliminary Q3 loss of $2.1M
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- Restating Q1 and Q2 2023 financials due to derivative accounting errors; no impact on revenue or operating loss.
- Preliminary Q3 Sep 30, 2023: Revenue $6.02M, net loss from ops $2.62M, net loss to common $2.11M.
- Nine-month revenue $22.13M, net loss from ops $7.47M, net loss to common $7.60M.
- Only $1.22M of $5M convertible note issued; company will not receive additional funds.
- Amended Q1/Q2 10-Qs and Q3 10-Q to be filed when finalized with auditor review.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413891/000121390023094204/0001213900-23-094204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413891/000121390023094204/ea189737-8k_highwire.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-094204

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer