High Wire Networks restates Q1-Q3 2025 financials; $1.38M debt settlement loss omitted

HIGH WIRE NETWORKS, INC.

Errors in accounting for loan defaults caused understatement of current loans payable and non-operating loss of $1,376,890.
Affected filings: 10-Qs for March 31, June 30, and September 30, 2025; all should no longer be relied upon.
Material weakness in internal control over financial reporting related to monitoring debt obligations and compliance.
Remediation includes enhanced monitoring of debt agreements, strengthened review procedures, and increased senior management oversight.
Company plans to file amended 10-Q/As for each affected period as soon as practicable.

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