InvestorNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Closes High Wire Networks Merger
Jun 16, 2021
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.
More News
Five-in-a-row Town sink league leaders
Whitstable came from behind to beat Isthmian South East leaders South Park and secure a fifth straight league victory.
Matchday Live: Accrington v Gillingham, Dover v Dorking, Maidstone v Maidenhead
Follow today’s football action, including Gillingham away to Accrington, in our live blog.
‘We’re going for afternoon point-grabbing’ – Ainsworth’s Accrington mission
Gareth Ainsworth knows Accrington inside out and has warned the Gills they must match the hosts’ intensity if they are to make it back-to-back wins.
Why Gillingham’s fringe players face an uphill battle to break through
Gillingham’s fringe players put in an impressive showing in midweek but manager Gareth Ainsworth is unlikely to tinker much with a winning formula.
Crawley extends Kent deal
Opening batsman Zak Crawley has extended his Kent Cricket contract for the second time this year.
Moses Itauma comeback plans revealed after devastating first career defeat
Chatham heavyweight Moses Itauma has a date set for his return to the ring.
‘I’ve got the best squad in the league’ - Ainsworth’s big Gillingham claim
Gillingham manager Gareth Ainsworth believes his squad is the best in League Two.
Football fixtures and results
Catch up with all the week’s football fixtures and results here.
Gills youngster sends another reminder of his potential
Gillingham youngster Louie Dayal is continuing to make the most of his EFL Trophy opportunities.
Gillingham boss puts late Brighton fightback into perspective
Gillingham manager Gareth Ainsworth admitted there were lessons learned for both teams in Tuesday night’s seven-goal EFL Trophy match.
Report: Gillingham put four past Brighton youth
Gillingham boosted their chances of reaching the Jersey Mike’s Trophy knockout stage with victory over Brighton under-21s on Tuesday night.
From fuming to fabulous: How Gillingham turned it around at Rotherham
Gillingham manager Gareth Ainsworth praised his coaching staff for playing their part in turning the game around at Rotherham on Saturday.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.