WidePoint acquires IT Authorities for $4.75M cash plus warrants; expects accretion

WIDEPOINT CORP

Purchase consideration: $4.75M in cash and up to 550,000 warrants exercisable at $5.33, plus earn-outs tied to EBITDA.
IT Authorities expected 2021 revenue of ~$10M and adjusted EBITDA of ~$1.5M.
Acquisition expected to be accretive to WidePoint's operating results; cross-sell and upsell opportunities cited.
WidePoint issued press release and will hold conference call on Oct 4, 2021 at 11 AM ET.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.