---
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"
generated_at: "2026-06-05T04:31:52.030501+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# WidePoint enters $4M revolving credit facility with Old Dominion National Bank

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-002525
- JSON: https://secwatch.observer/filing/0001654954-24-002525.json
- Plain text: https://secwatch.observer/filing/0001654954-24-002525.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $4,000,000
  - Counterparty: Old Dominion National Bank
  - Rate: Prime Rate published in The Wall Street Journal, subject to a floor rate of 7.25
  - Maturity: February 28, 2025
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1034760/000165495424002525/0001654954-24-002525-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.