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High Wire Networks Announces Reverse Stock Split

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High Wire Networks (OTCQB: HWNI), a global managed cybersecurity services provider, has announced a 1-for-250 reverse stock split effective June 2, 2025. The split will reduce outstanding shares from approximately 251.15 million to 1 million shares, with fractional shares rounded up to the next whole share. CEO Mark Porter emphasized this move as crucial for meeting Nasdaq listing requirements and better reflecting the company's true market value. The stock will receive a new CUSIP number (42981W203) when the split takes effect. This corporate action aligns with the previously disclosed range of ratios in the Company's Information Statement from February 10, 2025.
High Wire Networks (OTCQB: HWNI), fornitore globale di servizi gestiti di cybersecurity, ha annunciato un frazionamento azionario inverso di 1 azione ogni 250, con effetto dal 2 giugno 2025. Questa operazione ridurrà le azioni in circolazione da circa 251,15 milioni a 1 milione di azioni, con le azioni frazionarie arrotondate per eccesso alla azione intera successiva. Il CEO Mark Porter ha sottolineato che questa mossa è fondamentale per soddisfare i requisiti di quotazione Nasdaq e per riflettere meglio il reale valore di mercato dell'azienda. Al momento dell'entrata in vigore del frazionamento, il titolo riceverà un nuovo numero CUSIP (42981W203). Questa azione societaria è in linea con la gamma di rapporti precedentemente comunicata nella Dichiarazione Informativa della Società del 10 febbraio 2025.
High Wire Networks (OTCQB: HWNI), proveedor global de servicios gestionados de ciberseguridad, ha anunciado una división inversa de acciones de 1 por 250, que entrará en vigor el 2 de junio de 2025. Esta operación reducirá las acciones en circulación de aproximadamente 251,15 millones a 1 millón de acciones, redondeando las fracciones al siguiente número entero. El CEO Mark Porter destacó que esta medida es crucial para cumplir con los requisitos de cotización de Nasdaq y reflejar mejor el valor real de mercado de la empresa. Cuando la división sea efectiva, la acción recibirá un nuevo número CUSIP (42981W203). Esta acción corporativa está alineada con el rango de proporciones previamente divulgado en la Declaración Informativa de la Compañía del 10 de febrero de 2025.
글로벌 관리형 사이버보안 서비스 제공업체인 High Wire Networks(OTCQB: HWNI)는 2025년 6월 2일부터 1주당 250주 병합(역병합)을 시행한다고 발표했습니다. 이번 병합으로 유통 주식 수는 약 2억 5,115만 주에서 100만 주로 줄어들며, 소수 주식은 다음 정수 주식으로 올림 처리됩니다. CEO 마크 포터는 이 조치가 나스닥 상장 요건을 충족하고 회사의 실제 시장 가치를 더 잘 반영하는 데 매우 중요하다고 강조했습니다. 병합이 발효되면 주식은 새로운 CUSIP 번호(42981W203)를 부여받게 됩니다. 이 기업 조치는 2025년 2월 10일 회사 정보 성명서에 사전에 공개된 비율 범위와 일치합니다.
High Wire Networks (OTCQB : HWNI), fournisseur mondial de services de cybersécurité gérés, a annoncé une division inverse d'actions au ratio de 1 pour 250, effective à partir du 2 juin 2025. Cette opération réduira le nombre d'actions en circulation d'environ 251,15 millions à 1 million d'actions, avec les actions fractionnaires arrondies à l'action entière supérieure. Le PDG Mark Porter a souligné que cette démarche est essentielle pour répondre aux exigences de cotation du Nasdaq et mieux refléter la véritable valeur marchande de l'entreprise. Lors de l'entrée en vigueur de la division, l'action recevra un nouveau numéro CUSIP (42981W203). Cette action d'entreprise est conforme à la fourchette de ratios précédemment divulguée dans la déclaration d'information de la société du 10 février 2025.
High Wire Networks (OTCQB: HWNI), ein globaler Anbieter von verwalteten Cybersicherheitsdiensten, hat eine Reverse Stock Split im Verhältnis 1 zu 250 angekündigt, die am 2. Juni 2025 wirksam wird. Durch diese Maßnahme wird die Anzahl der ausstehenden Aktien von etwa 251,15 Millionen auf 1 Million Aktien reduziert, wobei Bruchstücke auf die nächste ganze Aktie aufgerundet werden. CEO Mark Porter betonte, dass dieser Schritt entscheidend ist, um die Nasdaq-Listing-Anforderungen zu erfüllen und den tatsächlichen Marktwert des Unternehmens besser widerzuspiegeln. Zum Zeitpunkt des Splits erhält die Aktie eine neue CUSIP-Nummer (42981W203). Diese Unternehmensmaßnahme entspricht dem zuvor im Informationsschreiben des Unternehmens vom 10. Februar 2025 angegebenen Bereich der Verhältnisse.
Positive
  • Strategic move towards potential Nasdaq uplisting which could increase visibility and trading volume
  • Reduction in outstanding shares could help meet minimum share price requirements for major exchange listing
  • No shareholder value loss as fractional shares will be rounded up to whole shares
Negative
  • Significant share consolidation (1:250 ratio) indicates substantial price weakness in the stock
  • Company remains on OTCQB market with no guaranteed timeline for Nasdaq uplisting
  • Reverse splits are often viewed negatively by the market and may face selling pressure

BATAVIA, Ill., May 30, 2025 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a global provider of managed cybersecurity services, today announced that its board of directors has determined to effect a one-for-250 reverse stock split of the Company’s common stock, par value $0.0001 per share (the “Common Stock”).

Mark Porter, High Wire Networks CEO commented, “This is an important and essential step in our ongoing efforts to become listed on a major exchange. Inclusive of increasing our stock price, it also better positions the Company to meet several requirements as set out by Nasdaq, while more closely reflecting the true value of our stock to the market. We look forward to continuing the pursuit to list on the Nasdaq and to providing updates to shareholders on our progress.”

The reverse stock split will take effect at market open on Monday June, 2, 2025 on the OTCQB market. The CUSIP number of 42981W203 will be assigned to the Company’s Common Stock when the reverse stock split becomes effective.

When the reverse stock split becomes effective, every 250 of the Company’s issued shares of Common Stock will be combined into one issued share of Common Stock, without any change to the par value per share. This will reduce the number of outstanding shares of Common Stock from approximately 251,151,117 million shares to approximately 1,004,604 million shares.

No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise hold a fraction of a share of Common Stock of the Company will automatically be entitled to receive an additional fraction of a share of Common Stock to round up to the next whole share.

The reverse stock split ratio approved by the board of directors is within the previously disclosed range of ratios for a reverse stock split disclosed in the Company’s Information Statement filed on February 10, 2025.

About High Wire Networks

High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End customers include Fortune 500 companies and many of the nation’s largest government agencies.

The company’s Overwatch by High Wire Networks™ platform offers a range of subscription services for threat prevention, detection, and response, meeting the security and compliance requirements of organizations large and small. The company’s IT enablement services provide the foundation for growing its higher-margin Overwatch business.

High Wire was recently ranked by Frost & Sullivan as a Top 12 Managed Security Service Provider in the Americas. It was also named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT managed service providers.

Learn more at HighWireNetworks.com. Follow the company on X, view its extensive video series on YouTube or connect on LinkedIn.

Forward-Looking Statements

The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward- looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

Company Contact
Mark Porter, CEO
High Wire Networks
Tel +1 (952) 974-4000

Media Relations
Lori Aleman
Director of Marketing
High Wire Networks
O: 630-635-8477 | C: 602-920-0902
Email: lori.aleman@highwirenetworks.com
Website: www.highwirenetworks.com


FAQ

What is the reverse stock split ratio for High Wire Networks (HWNI)?

High Wire Networks announced a 1-for-250 reverse stock split, effective June 2, 2025.

When will HWNI's reverse stock split take effect?

The reverse stock split will take effect at market open on Monday, June 2, 2025 on the OTCQB market.

How many shares will HWNI have outstanding after the reverse split?

The number of outstanding shares will be reduced from approximately 251.15 million to about 1 million shares.

Why is High Wire Networks doing a reverse stock split?

The company is implementing the reverse split as a step toward meeting Nasdaq listing requirements and better reflecting their stock's true market value.

What happens to fractional shares in HWNI's reverse split?

Stockholders who would hold fractional shares will automatically receive an additional fraction to round up to the next whole share.
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