WidePoint modifies $5M credit facility, extends maturity, adds EBITDA covenant

WIDEPOINT CORP

Extends maturity of $5M working capital line to June 15, 2023.
Removes Current Ratio and Interest Coverage covenants; raises Tangible Net Worth covenant from $2M to $6.5M.
Adds Minimum EBITDA covenant of $1M on trailing 12-month basis, measured quarterly.
Modifies Borrowing Base definition.
Annual meeting: directors Jin Kang and Julia A. Bowen elected; Moss Adams ratified as auditor; say-on-pay approved.

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