InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Closes High Wire Networks Merger
June 16, 2021

InvestorNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Closes High Wire Networks Merger

Spectrum Global Solutions (OTCQB: SGSI), a single-source provider of next-generation communications network and professional services to telecommunications and enterprise markets, today announced that it has completed its merger with High Wire Networks Inc. According to the update, the closing of the previously announced merger was delayed as the company waited for PPP forgiveness from the SBA on nearly $2.7 million of debt currently on Spectrum’s balance sheet. The debt forgiveness will reflect in quarterly financial statements for period ending June 30. Spectrum will now move forward with rebranding itself with the High Wire Networks name and, subject to satisfaction of listing qualifications, continue preparations for its intended up-listing to the NASDAQ. “This is very exciting news for the company and our shareholders,” said CEO Mark Porter. “While the SBA might have delayed our closing, we have already begun to leverage the synergies of our companies and accelerate our growth trajectory. Our additional acquisition pipeline will help us build even faster.”

To view the full press release, visit https://ibn.fm/AT4nX

About Spectrum Global Solutions Inc.

Spectrum operates through its subsidiaries ADEX Corp., Tropical Communications Inc. and AW Solutions Puerto Rico LLC. The company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico and the Caribbean. For more information about Spectrum and its technologies, visit the company’s public filings at www.SEC.gov or its website at www.SpectrumGlobalSolutions.com.

NOTE TO INVESTORS: The latest news and updates relating to SGSI are available in the company’s newsroom at http://ibn.fm/SGSI

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).