Widepoint Corp 8-K, filed Oct 16, 2023
Widepoint Corp (WYY)
About this 8-K
Widepoint Corp filed this 8-K on October 16, 2023, reporting on events of October 11, 2023.
Items reported
- Item 1.01: Entered into a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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.
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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 | ||
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| Jin Kang | |
Chief Executive Officer | |||
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