secwatch.observer — SEC 8-K summary
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Issuer:     WIDEPOINT CORP (WYY)
CIK:        0001034760
Form:       8-K
Filed at:   2021-10-04T23:59:59+00:00
Accession:  0001654954-21-010737
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1034760/000165495421010737/0001654954-21-010737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1034760/000165495421010737/wyy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-21-010737

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