Replies to post #84333 on High Wire Networks Inc (HWNI)

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Is the RS legal, without another DEF 14c?

DEF 14C 03/26/2019 03/29/2019

On March 6, 2019, stockholders holding more than 51% of the voting power of the Company (the stockholders, the “Consenting Stockholders”) consented in writing to amend the Company’s Articles of Incorporation, as amended (the “2019 Amendment”). This consent was sufficient to approve the 2019 Amendment under Nevada law. The attached Information Statement describes the 2019 Amendment that the stockholders of the Company have approved, which will do the following: (1) authorize an increase in the authorized shares of the Company’s common stock to 1,000,000,000 shares, par value $.00001, (2) authorize the Board to take all steps necessary to effect, at any time prior to the one-year anniversary of the date of the written consent, a reverse stock split of all outstanding shares of our common stock at an exchange ratio of up to one-for-three hundred (1:300) shares (“Reverse Stock Split”) and (3) change the name of the Company from Spectrum Global Solutions, Inc. to WaveTech Global, Inc.


8K 4/20/20

The Reverse Stock Split was previously approved by the board of directors and the majority of stockholders of the Company. The Reverse Stock Split was deemed effective at the open of business on April 21, 2020. As a result of the Reverse Stock Split, every three hundred (300) shares of outstanding common stock of the Company as of April 14, 2020 were converted into one (1) share of common stock.