other material
confidence high
sentiment neutral
materiality 0.40
High Wire Networks issues Series G preferred stock to GHS Investments for $34K initial close
HIGH WIRE NETWORKS, INC.
- Issued 34 shares of Series G Preferred Stock at $1,000/share ($34,000); plus 12 restricted shares as equity incentive.
- Each preferred share has $1,200 stated value, 12% annual dividend (paid quarterly in cash or stock), convertible into common.
- Upon event of default, redemption at 135% of stated value plus accrued dividends; dividend rate rises to 15%.
- Up to 70 additional shares ($70K) may be sold in future closings at mutual consent; proceeds for 2025 10-K and 2026 10-Q filings.
- Securities issued under Section 4(a)(2) exemption; registration obligation only after uplisting to a major exchange.