WidePoint secures $4M receivables financing facility from Republic Capital Access, expandable to $10M

WIDEPOINT CORP

Initial purchase price for eligible receivables is 90% (85% if debtor is non-government entity).
Facility limited to $4M outstanding initially, with potential increase to $10M subject to adequate receivables.
Agreement dated April 28, 2023 includes customary fees, covenants, and representations.

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