High Wire Networks Inc (HWNI)

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Spectrum Global Solutions Announces Definitive Agreement with WaveTech Global

https://www.otcmarkets.com/stock/SGSI/news/Spectrum-Global-Solutions-Announces-Definitive-Agreement-with-WaveTech-Global?id=217832

For purposes of the Agreement the proposed transaction, and upon the completion of the merger and acquisition of WaveTech and all of its assets and subsidiaries, the consolidated merged entity shall have an enterprise value of $130 million.

Spectrum intends to file for a name change to WaveTech Global, Inc and an application for up-listing to the NASDAQ exchange under the ticker “WAVE” (subject to filing and approval by NASDAQ and FINRA).

Dag Valand of WaveTech Gmbh stated, “In the last year we have transitioned from a German based company that provided a unique battery life extension product into an innovative global technology platform company with operations in the United States and Europe. We have done this through our revolutionary CCT and PCU Technology. We have established a solid platform for commercialization of our CCT and PCU product line with leading global partners and have a solid pipeline of potential agreements with other partners and customers.