MCLEAN, Va., Feb. 25, 2014 /PRNewswire/ -- WidePoint
Corporation (NYSE Mkt: WYY), a leading provider of secure,
cloud-based, enterprise-wide solutions and services in mobile
communications management and identity management, announced today
that it intends to offer shares of its common stock in an
underwritten public offering. All of the shares in the offering are
to be sold by WidePoint. WidePoint also expects to grant the
underwriter a 30-day option to purchase additional shares of
WidePoint's common stock to cover over-allotments, if any.
The offering is subject to market conditions, and there can be no
assurance as to whether or when the offering may be completed, or
as to the final size or terms of the offering.
In connection with the offering, B. Riley & Co., LLC is
acting as sole book-running manager.
WidePoint expects to use the net proceeds from the offering for
general corporate purposes, including for repayment of debt,
acquiring businesses and investing in other businesses.
A shelf registration statement (No. 333-193250) relating to the
shares of common stock to be issued in the proposed offering was
filed with the Securities and Exchange Commission (SEC) and is
effective. A preliminary prospectus supplement and accompanying
base prospectus relating to the offering have been filed with the
SEC and are available on the SEC's website located at www.sec.gov.
Electronic copies of the preliminary prospectus supplement, when
available, may be obtained by contacting the Compliance Department,
B. Riley & Co., LLC, 11100 Santa Monica Blvd., Suite 800,
Los Angeles, California 90025 at
(888) 295-0155 and at compliance@brileyco.com. Before you invest,
you should read the preliminary prospectus supplement and
accompanying prospectus in the registration statement and other
documents WidePoint has filed or will file with the SEC for more
complete information about WidePoint and the offering.
This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, these securities, nor will there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale is not permitted.
About WidePoint:
WidePoint is a leading provider of secure, cloud-delivered,
enterprise-wide mobile and information technology-based solutions
that can enable enterprises and agencies to deploy fully compliant
IT services in accordance with government mandated regulations and
advanced system requirements. WidePoint has several major
government and commercial contracts. For more information, visit
www.widepoint.com.
For More
Information:
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Jim McCubbin, EVP
& CFO
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Brett Maas or David
Fore
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WidePoint
Corporation
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Hayden IR
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7926 Jones Branch
Drive, Suite 520
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(646)
536-7331
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McLean, VA
22102
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brett@haydenir.com
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(703)
349-2577
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jmccubbin@widepoint.com
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SOURCE WidePoint Corporation