IPO - HIGH WIRE NETWORKS, INC.

Form Type: S-1

Filing Date: 2025-01-30

Corporate Action: Ipo

Type: New

Accession Number: 000121390025008088

Filing Summary: High Wire Networks, Inc. filed a Registration Statement under the Securities Act of 1933 on January 30, 2025, seeking to conduct an initial public offering (IPO) by offering up to 750,000 shares of common stock at an assumed public offering price of $7.50 per share. The total estimated proceeds from this offering amount to approximately $5,625,000 before expenses. The registration includes two prospectuses: one for the public offering and one for the resale by selling stockholders of 583,296 shares of common stock. A planned 1-for-250 reverse stock split of outstanding common shares is expected to occur prior to the completion of the offering. The company's common stock is currently listed on the OTCQB and there is an application to list it on Nasdaq under the symbol 'HWNI'. The document provides detailed risk factors related to the offering and the business, which operates in managed cybersecurity solutions and wholesale telecommunications. The company reports a solid revenue base with nearly 100% recurring revenue from long-term contracts in its managed cybersecurity services. High Wire Networks has been recognized as a leading provider of cybersecurity solutions and intends to leverage its technological advancements to enhance its competitive edge in a rapidly evolving market. Investors are urged to consider all information thoroughly, with a highlighted focus on risk management regarding cybersecurity and business operations amidst economic fluctuations.

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