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High Wire Networks Inc ( (HWNI) ) has issued an announcement.
On March 10, 2025, High Wire Networks, Inc. announced the termination of its $10 million Equity Line of Credit (ELOC) to prevent shareholder dilution. The company determined that the ELOC was unnecessary for its future operations and strategic growth plans, as it focuses on maintaining a strong balance sheet and capital structure. This decision is expected to better position High Wire Networks to capitalize on the growing demand for managed services and technology solutions, enhancing operational efficiencies and expanding service offerings.
More about High Wire Networks Inc
High Wire Networks, Inc. is a global provider of managed cybersecurity services, delivering trusted solutions through over 200 channel partners to more than 1,100 managed security customers worldwide. The company serves Fortune 500 companies and major government agencies, operating a 24/7 Security Operations Center in Chicago, Illinois. It has been recognized as a Top 15 Managed Security Service Provider in the Americas by Frost & Sullivan and listed in CRN’s MSP 500 and Elite 150 for top IT managed service providers.
YTD Price Performance: -60.0%
Average Trading Volume: 201,162
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.22M
See more insights into HWNI stock on TipRanks’ Stock Analysis page.