secwatch.observer — SEC 8-K summary
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Issuer:     HIGH WIRE NETWORKS, INC. (HWNI)
CIK:        0001413891
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001213900-25-039723
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

High Wire Networks issues $250K Series G preferred with 10M stock incentive
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- Issued 250 shares of Series G Convertible Preferred at $1,000/share ($250,000 total) to institutional investor.
- Conversion price set at 90% of lowest traded price over the prior 10 trading days; 4.99% ownership cap.
- Preferred stock carries 12% annual dividend, payable quarterly, and mandatory redemption at 110% after 90 days.
- Purchaser receives 10 million shares of restricted common stock as an equity incentive.
- Company must file registration statement for resale of conversion shares within 30 days of closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413891/000121390025039723/0001213900-25-039723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413891/000121390025039723/ea0240859-8k_highwire.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-039723

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