High Wire Networks, INC

Market Movers (8-K)

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High Wire Networks announced that previously issued financial statements for three quarters in 2025 must be restated due to accounting errors related to loan defaults.
Worse than expected
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High Wire Networks, Inc. has entered into a Securities Purchase Agreement with GHS Investments, LLC, agreeing to sell 34 shares of Series G Preferred Stock for $34,000, along with an equity incentive of 12 additional shares.
Capital raise
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High Wire Networks, Inc. announced a name change to O'Leary Industries, Inc., approved by majority shareholder Dennis O'Leary via written consent.
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High Wire Networks completes a transformative acquisition of Thoth Aerospace, resulting in a change of control and a significant settlement with its former CEO.
Better than expected
Capital raise
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High Wire Networks divests its cybersecurity and voice network divisions for $4 million in Tego Cyber stock and plans to acquire Elevation Aerospace.
Capital raise
Worse than expected
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High Wire Networks, Inc. has entered into debt exchange agreements to convert $1.6 million of outstanding debt into a newly created Series H Convertible Preferred Stock, aiming to restructure its balance sheet.
Delay expected
Capital raise

Quarterly Earnings (10-Q)

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High Wire Networks, Inc. has divested substantially all of its operating assets, including its cybersecurity and voice network business units, and faces substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
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High Wire Networks reports increased revenue but deepening losses, a worsening working capital deficit, and faces forced asset liquidation by its senior lender, alongside significant management resignations.
Worse than expected
Capital raise
Delay expected
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High Wire Networks saw a slight increase in revenue but a significant widening of net losses in Q1 2025, accompanied by substantial financing activities and ongoing concerns about its ability to continue as a going concern.
Capital raise
Worse than expected
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High Wire Networks experienced a slight revenue increase and a significant net income swing in Q3 2024, driven by a strategic asset sale, but continues to face working capital challenges.
Better than expected
Delay expected
Capital raise
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High Wire Networks has filed an amended 10-Q report to restate its financials for the quarter ended June 30, 2024, due to errors in accounting for debt settlement agreements.
Worse than expected
Capital raise
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High Wire Networks saw a significant net income increase in Q2 2024, primarily due to a strategic asset sale and improved gross margins, despite ongoing operational losses.
Better than expected
Capital raise

Annual Reports (10-K)

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High Wire Networks' 2024 annual report reveals continued losses despite a modest increase in revenue and strategic moves to divest and restructure operations.
Capital raise
Worse than expected
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High Wire Networks' 2023 annual report details a year of strategic changes, including divestitures and operational pauses, alongside financial results showing a net loss but a focus on recurring revenue growth.
Capital raise
Worse than expected

Insider Trading (Form 4)

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Mark William Porter, CEO of High Wire Networks, Inc., recently purchased 175,000 shares of the company's common stock at a weighted average price of $0.043 per share.

Proxy Statements (Def-14A)

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High Wire Networks, Inc. announces a reverse stock split authorization of up to 1-for-250, approved by a majority stockholder, to potentially increase its stock price and meet listing requirements for a national securities exchange.

New Public Companies (S-1)

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High Wire Networks seeks to raise $5 million through a public offering to expand its cybersecurity contracts and for general corporate purposes, contingent on Nasdaq listing approval.
Capital raise
Worse than expected
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High Wire Networks aims to raise capital through a public offering to expand its cybersecurity contracts and for general corporate purposes, while also registering shares for resale by existing stockholders.
Worse than expected
Capital raise
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High Wire Networks, Inc. is seeking to raise capital through a public offering of 750,000 shares and register the resale of 583,296 shares by existing stockholders.
Capital raise
Worse than expected

Schedule 13G - Passive Investments

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Mast Hill Fund, L.P. and its affiliates have disclosed a 2.89% beneficial ownership stake in High Wire Networks, Inc., holding 66,204 common shares.
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Mast Hill Fund, L.P., along with Mast Hill Management, LLC, Farzan Hassani, and George Murphy, have reported a collective beneficial ownership of 6.59% of High Wire Networks, Inc.'s common stock.