secwatch.observer — SEC 8-K summary
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Issuer:     WIDEPOINT CORP (WYY)
CIK:        0001034760
Form:       8-K
Filed at:   2022-06-22T23:59:59+00:00
Accession:  0001654954-22-008618
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1034760/000165495422008618/0001654954-22-008618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1034760/000165495422008618/wyy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-008618

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