infamous
1 week ago
The purpose of this letter and the enclosed Information Statement is to inform you that stockholder holding shares of Series B Preferred Stock (the βSeries B Preferredβ), representing in excess of a majority of the voting power of the capital stock (the βConsenting Stockholderβ) of High Wire Networks, Inc. (βweβ, βusβ, or βourβ) have executed a written consent dated January 17, 2025 (the βWritten Consentβ) in lieu of a special or annual meeting to effectuate the following (the βActionβ):
1. To (i) authorize up to a 1-for-250 reverse stock split of our Common Stock (the βReverse Stock Splitβ), (ii) in connection therewith, approve a Certificate of Change pursuant to Nevada Revised Statutes 78.209 (the βCertificate of Changeβ) to effectuate the Reverse Stock Split, and (iii) authorize any other action deemed necessary to effectuate the Reverse Stock Split, without further approval or authorization of our stockholders, at any time within 12 months of the approval of the Action.
rawsteel
2 weeks ago
High Wire Networks Secures Major Managed Cybersecurity Renewal and ARR Growth Through Overwatch Bundling Strategy
Press Release | 03/13/2025
BATAVIA, Ill., March 13, 2025 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity services, announced a significant customer renewal and expansion agreement through its Overwatch managed cybersecurity division. The contract represents a renewal and significant additional Annual Recurring Revenue (ARR), representing nearly $720,000 over two years. This underscores the growing value and scalability of High Wireβs enhanced bundling strategy and channel partner enablement. The total contract value is expected to grow significantly from this minimum commitment.
The customer, a technology services provider supporting public sector clients and critical infrastructure organizations across North America, reaffirmed its trust in High Wire by renewing and expanding its commitment to the Overwatch suite of services. This strategic win reflects a meaningful increase in ARR for High Wire, driven by partnerβs ability to fractionalize a comprehensive log-ingestion and correlation pipeline across their client base.
βOur goal has always been to simplify and amplify cybersecurity outcomes for our partners and their customers,β said Mark Porter, President and CEO of High Wire Networks. βThis renewal is a testament to the power of our platformβby enabling partners to scale security visibility, fractionalize services across their client base, and bundle capabilities more effectively, weβre driving measurable impact while unlocking new levels of profitability and growth for the partner and us.β
This new strategy aligns more squarely with customer buying behavior and focuses on a fully integrated solution rather than individual point solutions.
High Wire remains committed to creating an unfair advantage for its partners and their customers by equipping them with the tools, scalability, and support needed to outperform in a rapidly evolving cybersecurity landscape. Through ongoing investments in innovations that make cybersecurity more accessible, scalable, and profitable, High Wire empowers its channel ecosystem to deliver greater value. By enabling partners to extend next-generation security pipelines across multiple clients efficiently and precisely, the company is transforming the economics of managed cybersecurity and driving more substantial outcomes across the board.
infamous
2 months ago
ah yes the RS is confirmed to happen soon... vOnce our board of directors (the βBoardβ) decides to implement the Reverse Stock Split, it will become effective on the date of filing of a Certificate of Change with the office of the Secretary of State of the State of Nevada. Additionally, the Certificate of Change may not be filed until at least 20 calendar days after the mailing of this Information Statement.
The Certificate of Change will be effective when filed with the Nevada Secretary of State. We will not make such filing until on or after [____________], 2025, a date that is 20 calendar days after this Information Statement is first sent to our stockholders.
also,
(2) Represents 7,024,627 shares issuable upon the exercise of stock options, and 700,000 shares issuable upon the exercise of warrants.
(3) Represents 1,000 shares of Series B Preferred and 480 shares Series D Preferred.
(4) Represents 8.8% of the aggregate voting power attributable to Mr. Porterβs ownership of the shares of Common Stock and Series D Preferred and 51% of the aggregate voting power attributable to Mr. Porterβs ownership of 100% of the outstanding Series B Preferred. Pursuant to the Certificate of Designation, Preferences Rights and Other Rights of Series B Preferred Stock of the Company, shares of Series B Preferred shall be voted together with the outstanding shares of Common Stock such that the aggregate voting power of the Series B Preferred is equal to 51% of the total voting power of the Company. However, shares of Series B Preferred are not convertible into Common Stock.
(5) Represents 3,777,920 shares issuable upon the exercise of stock options.
(6) Represents 3,805,510 shares issuable upon the exercise of stock options.
(7) Represents 1,355,868 shares issuable upon the exercise of stock options.
also,
The primary purpose for effecting the Reverse Stock Split, should the Board choose to effect one, would be to, absent other factors, increase the per share price of our common stock, although we cannot provide any assurance that the post reverse stock split price would remain following the Reverse Stock Split. However, other factors, such as our financial results, market conditions and the market perception of our business may adversely affect the market price of our Common Stock. As a result, there can be no assurance that the Reverse Stock Split, if completed, will increase the market price of our Common Stock following the Reverse Stock Split or that the market price of our Common Stock will not decrease in the future. Additionally, we cannot assure you that the market price per share of our Common Stock after a Reverse Stock Split will increase in proportion to the reduction in the number of shares of our Common Stock outstanding before the Reverse Stock Split. Accordingly, the total market capitalization of our Common Stock after the Reverse Stock Split may be lower than the total market capitalization before the Reverse Stock Split.
jhnvtjll
3 months ago
I'm talking about minimal dilution in 2024. You cried about 1M shares added.
There's minimal dilution.
Jan 29, 2024 240,265,717
Feb 9, 2024 240,265,717
Feb 16, 2024 240,265,717
Mar 1, 2024 240,865,717
Mar 8, 2024 240,865,717
Mar 15, 2024 240,865,717
Apr 12, 2024 240,865,717
May 10, 2024 240,865,717
May 17, 2024 240,865,717
Jun 28, 2024 240,865,717
Jul 25, 2024 240,865,717
Aug 19, 2024 240,865,717
Sep 4, 2024 240,865,717
Sep 9, 2024 240,865,717
Sep 17, 2024 240,865,717
Oct 16, 2024 240,865,717
Nov 15, 2024 240,865,717
Dec 13, 2024 241,824,950
jhnvtjll
3 months ago
There's minimal dilution.
Jan 29, 2024 240,265,717
Feb 9, 2024 240,265,717
Feb 16, 2024 240,265,717
Mar 1, 2024 240,865,717
Mar 8, 2024 240,865,717
Mar 15, 2024 240,865,717
Apr 12, 2024 240,865,717
May 10, 2024 240,865,717
May 17, 2024 240,865,717
Jun 28, 2024 240,865,717
Jul 25, 2024 240,865,717
Aug 19, 2024 240,865,717
Sep 4, 2024 240,865,717
Sep 9, 2024 240,865,717
Sep 17, 2024 240,865,717
Oct 16, 2024 240,865,717
Nov 15, 2024 240,865,717
Dec 13, 2024 241,824,950