UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 11, 2023
WIDEPOINT CORPORATION |
(Exact Name of Registrant as Specified in Charter) |
Delaware | | 001-33035 | | 52-2040275 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
11250 Waples Mill Road, South Tower 210, Fairfax, Virginia | | 22030 |
(Address of Principal Executive Office) | | (Zip Code) |
|
Registrant’s telephone number, including area code: (703) 349-2577 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities Registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol | Name of Exchange on Which Registered |
Common Stock, $0.001 par value per share | WYY | NYSE American |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
On October 11, 2023, WidePoint Corporation (the “Company”) entered into a task order (the “Task Order”) with a Federal government client for the Company to provide the agency with a full range of managed mobility services with a total contract value (assuming all options are exercised) of approximately $60 million. The Task Order includes a total performance period of three years, consisting of one base year and two one-year option periods. The Task Order provides that the Company will provide approximately $18 million of carrier services and $2 million of managed and other higher margin services per year the Task Order is in effect.
The foregoing description of the Task Order is qualified in its entirety by reference to the text of the Task Order, which will be filed with the Company’s periodic report on Form 10-Q for the quarter ended September 30, 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | WIDEPOINT CORPORATION | |
| | | | |
Date: October 16, 2023 | | /s/ Jin Kang | |
| | Jin Kang | |
| | | Chief Executive Officer | |
| | | | |
