High Wire Networks Inc (HWNI)

[infamous]

heres yet ANOTHER failure from the ceo of this company...
As previously disclosed, on September 25, 2023, High Wire Networks, Inc. (the "Company") issued to a creditor (the “2023 Creditor”) a senior subordinated secured convertible promissory note in the aggregate principal amount of $700,000 (the “Note”). In addition, on January 13, 2025, the Company issued to a creditor (the “2025 Creditor,” and together with the 2023 Creditor, each a “Creditor” and collectively, the “Creditors”) a 20% Original Issue Discount Senior Secured Convertible Debenture, due April 16, 2025 (the “Debenture”), in the original principal balance of $1,200,000.



On May 22, 2025, the Company and each Creditor entered into a debt exchange agreement (the “Debt Exchange Agreements”) whereby they agreed to exchange a portion of the remaining outstanding balance under the Note and the Debenture, respectively, for shares of a newly created series of preferred stock designated as Series H Convertible Preferred Stock (the “Series H Stock”), which is convertible into common stock, par value $0.00001 per share, of the Company (“Common Stock”). The 2023 Creditor exchanged $650,000 of the outstanding balance under the Note for 65 shares of Series H Stock and the 2025 Creditor exchange $950,000 of the outstanding balance under the Debenture for 95 shares of Series H Stock. The remaining balance of each of the Note and the Debenture shall remain subject to the terms thereof. The Debt Exchange Agreement contains customary representations, warranties, and covenants of the Company.