secwatch.observer — SEC 8-K summary
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Issuer:     WIDEPOINT CORP (WYY)
CIK:        0001034760
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001654954-23-005609
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1034760/000165495423005609/0001654954-23-005609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1034760/000165495423005609/wyy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-005609

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