WIDEPOINT CORPORATION (NYSEMKT:WYY) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01Entry into a Material Definitive Agreement.
On May 3, 2017, a subsidiary of WidePoint Corporation (the
Company) entered into an Asset Purchase Agreement with Probaris
Technologies, Inc. whereby the Company purchased certain
commercial identity and authentication software assets, contract
license assignments, and other assets associated with the sale of
the software assets (the Software Assets). The aggregate purchase
price for the Software Assets was $400,000, consisting of
$300,000 paid in cash at closing and $100,000 contingent upon the
optional renewal of a license agreement expected in 2018. The
foregoing summary does not purport to be complete and is
qualified in its entirety by the Asset Purchase Agreement, which
is incorporated herein by reference.
Item 7.01Regulation FD Disclosure.
On May 3, 2017, the Company issued a press release announcing the
acquisition of the Software Assets. A copy of the press release
is attached hereto as Exhibit 99.1 and incorporated herein by
reference.
The information in this Item 7.01, including the exhibit
referenced herein, shall not be deemed to be filed for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended,
or otherwise subject to the liabilities of that section or
Sections 11 and 12(a) (2) of the Securities Act of 1933, as
amended.
Item 9.01(d) Financial Statements and Exhibits
| Exhibit 2.1 |
Asset Purchase Agreement by and between Probaris Technologies, Inc. and WidePoint Cybersecurity Solutions Corporation. |
| Exhibit 99.1 | Press Release of the Company. |
About WIDEPOINT CORPORATION (NYSEMKT:WYY)
WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements. The Company offers telecom management services, which include life cycle management of fixed and mobile assets; mobile security management services, which include life cycle fixed and mobile device access and application control management; identity management services, which include life cycle fixed and mobile, including cloud-based services authentication and information assurance services, and identity services, which include fixed and mobile digital certificates required for secure access to a customer’s technology infrastructure. WIDEPOINT CORPORATION (NYSEMKT:WYY) Recent Trading Information
WIDEPOINT CORPORATION (NYSEMKT:WYY) closed its last trading session up +0.012 at 0.437 with 170,251 shares trading hands.