secwatch.observer — SEC 8-K summary
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Issuer:     HIGH WIRE NETWORKS, INC. (HWNI)
CIK:        0001413891
Form:       8-K
Filed at:   2025-01-17T23:59:59+00:00
Accession:  0001213900-25-004346
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 5.03, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

High Wire Networks raises $1.0M via convertible debenture with 20% OID and secures up to $10M ELOC
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- Sold $1.2M face value 20% OID Senior Secured Convertible Debenture for $1.0M; convertible at 75% of VWAP with $0.01 floor.
- Issued Series F Preferred shares with stated value equal to 90% of debenture principal, convertible into common stock.
- Secured $10M equity line of credit (ELOC) to sell common shares at 97% of lowest intraday price; issued 8,571,429 commitment shares.
- Proceeds to be used for general working capital and listing expenses on a national securities exchange.
- Placement agent Joseph Gunnar receives 8% commission and five-year warrants exercisable at $0.0299 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413891/000121390025004346/0001213900-25-004346-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413891/000121390025004346/ea0227727-8k_high.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-004346

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