secwatch.observer — SEC 8-K summary
======================================

Issuer:     HIGH WIRE NETWORKS, INC. (HWNI)
CIK:        0001413891
Form:       8-K
Filed at:   2025-10-14T23:59:59+00:00
Accession:  0001213900-25-098778
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01, 2.01, 5.02
LLM model:  deepseek-v4-flash:cloud

High Wire Networks completes asset sales to Tego Cyber, enters LOI to acquire Thoth Aerospace unit
--------------------------------------------------------------------------------

- Sold Managed Security Services assets to Tego Cyber's OW Cyber LLC for 750,000 Series B Preferred shares (stated value $3.0M).
- Sold Secure Voice Corp. assets to Tego Cyber's Secure Voice LLC for 250,000 Series B Preferred shares (stated value $1.0M).
- Senior lender Helena Global consented to sales, receiving $300K in Tego Cyber Series A Preferred as partial debt satisfaction; $150K balance remains.
- Signed non-binding LOI to acquire 100% of Elevation Aerospace Inc. from Thoth Aerospace via equity exchange; 30-day exclusivity, 1% break-up fee.
- Board members Stephen LaMarche and Peter Kruse resigned; CFO Curtis Smith resigned in July 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413891/000121390025098778/0001213900-25-098778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413891/000121390025098778/ea0261164-8k_highwire.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-098778

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