{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-002525","form_type":"8-K","ticker":"WYY","cik":"0001034760","company_name":"WIDEPOINT CORP","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.168836+00:00","generated_at":"2026-06-05T04:31:52.030501+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"WidePoint enters $4M revolving credit facility with Old Dominion National Bank","bullets":["$4M revolver; borrowing base = lesser of $4M or 80% of eligible accounts receivable.","Interest at Prime Rate (WSJ) with 7.25% floor; maturity February 28, 2025.","Covenants (annual from Dec 31, 2024): min tangible net worth $2M, min EBITDA $1M, current ratio >=1.0."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-002525","json":"https://secwatch.observer/filing/0001654954-24-002525.json","markdown":"https://secwatch.observer/filing/0001654954-24-002525.md","text":"https://secwatch.observer/filing/0001654954-24-002525.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034760/000165495424002525/0001654954-24-002525-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034760/000165495424002525/wyy_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:31:52.030501+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6fd775b06126c7a389ec4448a9644f66d55fb232","claim":"WIDEPOINT CORP incurred revolving credit of $4,000,000 with Old Dominion National Bank at Prime Rate published in The Wall Street Journal, subject to a floor rate of 7.25 maturing February 28, 2025.","evidence_excerpt":"On February 29, 2024, WidePoint Corporation and its subsidiaries (the \"Company\"), as borrower, entered into a Loan and Security Agreement (the \"Loan\") and Promissory Note (the \"Note,\" and, together with the Loan, the \"Agreements\") with Old Dominion National Bank. The Agreements provide for a new $4,000,000 revolving line of credit facility (the \"Credit Facility\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1034760/000165495424002525/0001654954-24-002525-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$4,000,000"},{"label":"Counterparty","value":"Old Dominion National Bank"},{"label":"Rate","value":"Prime Rate published in The Wall Street Journal, subject to a floor rate of 7.25"},{"label":"Maturity","value":"February 28, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}