SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
to Section 13 or 15(d) of the
Exchange Act of 1934
of Report (Date of earliest event reported): February 25, 2014
Name of Registrant as Specified in Charter)
|(State or Other Jurisdiction of Incorporation)
||(Commission File Number)
|7926 Jones Branch Drive, Suite 520, McLean, Virginia
|(Address of Principal Executive Office)
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:
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))
Item 1.01 Entry Into a Material Definitive
On February 26, 2014,
WidePoint Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”)
with B. Riley & Co., LLC (the “Underwriter”) relating to an underwritten public offering of 7,876,497 shares (the
“Shares”) of the Company’s common stock, par value $0.001 per Share (the “Offering”). All of the
Shares are being sold by the Company. The price to the public is $1.38 per Share, and the Underwriter has agreed to purchase the
Shares from the Company pursuant to the Underwriting Agreement at a price of $1.2972 per Share. Under the terms of the Underwriting
Agreement, the Company has granted the Underwriter an option to purchase up to an additional 1,181,475 shares of common stock on
the same terms within 30 days from the date of the Underwriting Agreement to cover over-allotments, if any. The net proceeds from
the sale of the Shares, after deducting the Underwriters’ discount and other offering expenses, are expected to be approximately
The Offering is being
made pursuant to the Company’s shelf registration statement on Form S-3 (Registration No. 333-193250) filed with the Securities
and Exchange Commission and declared effective on February 5, 2014. A prospectus supplement relating to the Offering has been filed
with the Securities and Exchange Commission. The closing of the Offering is expected to take place on or about February 28, 2014,
subject to the satisfaction of customary closing conditions.
The Underwriting Agreement
contains customary representations, warranties, and agreements by the Company, and customary conditions to closing, indemnification
obligations of the Company and the Underwriter, including for liabilities under the Securities Act of 1933, as amended (the “Securities
Act”), other obligations of the parties, and termination provisions.
The Underwriting Agreement
is attached hereto as an exhibit to provide investors and security holders with information regarding its terms. It is not intended
to provide any other factual information about the Company. The representations, warranties and covenants contained in the Underwriting
Agreement were made only for purposes of the Underwriting Agreement and as of specific dates, were solely for the benefit of the
parties to the Underwriting Agreement, and may be subject to limitations agreed upon by the contracting parties, including being
qualified by confidential disclosures exchanged between the parties in connection with the execution of the Underwriting Agreement.
A copy of the Underwriting
Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. The description of
the material terms of the Underwriting Agreement is qualified in its entirety by reference to such exhibit.
Item 7.01 Regulation FD Disclosure
press releases, dated February 25, 2014 and February 26, 2014, announcing the commencement and pricing of the Offering, respectively,
are filed as Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K and are incorporated herein by reference.
The information in
this item shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange
Act”), or otherwise subject to the liabilities of Section 18, nor shall it be deemed incorporated by reference in any of
the Company’s filings under the Securities Act or the Exchange Act, except to the extent, if any, expressly set forth by
specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
||Underwriting Agreement dated as of February 26, 2014 among WidePoint Corporation and B. Riley & Co., LLC.|
||Opinion of Foley & Lardner LLP regarding legality of securities.|
||Consent of Foley & Lardner LLP (included in Opinion filed as Exhibit 5.1).|
||Press release dated February 25, 2014.|
||Press release dated February 26, 2014.|
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.
||/s/ James T. McCubbin|
|Date: February 26, 2014
||James T. McCubbin|
||Chief Financial Officer|