{"url_path":"/sec/hwni/8-k/2026-07-15/item-4-02","section_key":"item-4-02","section_title":"Item 4.02 Non-Reliance on Previously Issued","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-15","source_url":"https://www.sec.gov/Archives/edgar/data/1413891/0001683168-26-005550-index.html","accession_number":"0001683168-26-005550","cik":"0001413891","ticker":"HWNI","issuer_name":"HIGH WIRE NETWORKS, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1413891/0001683168-26-005550-index.html","primary_entity_key":"0001413891","primary_entity_name":"HIGH WIRE NETWORKS, INC."},"word_count":633,"has_tables":true,"body_markdown":"** **\n\n \n\n****\n\n \n\n   \n\n \n\n**Item 4.02 Non-Reliance on Previously Issued\nFinancial Statements or a Related Audit Report or Completed Interim Review.**\n\n \n\nOn July 9, 2026, following discussions with management\nof High Wire Networks, Inc. (the \"**Company**\"), the Company's independent registered public accounting firm, Sadler, Gibb\n& Associates, LLC (the \"**Auditor**\"), advised management that the Company's previously issued financial statements identified\nbelow should no longer be relied upon.\n\n \n\nIn connection with the preparation of the Company's\nyear-end audit, the Company identified errors in the accounting for defaults on certain loans payable that were not accounted for in the\npreviously filed interim financial statements, resulting in the incorrect reporting of loans payable and non-operating expenses in the\nfollowing filings (collectively, the \"**Affected Filings**\"):\n\n \n\n·The Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, originally\nfiled with the Securities and Exchange Commission (the \"**SEC**\") on May 13, 2025;\n\n   \n\n·The Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, originally filed\nwith the SEC on October 14, 2025; and\n\n   \n\n·The Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, originally\nfiled with the SEC on November 14, 2025.\n\n \n\nThe errors relate primarily to the Company's failure\nto record defaults on certain loans payable. As a result, for each affected period the Company understated the current portion of loans\npayable and failed to record a related non-operating loss on settlement of debt of $1,376,890, which increased total other expense and\nnet loss. Based on its analysis under FASB ASC 250, SAB No. 99, and SAB No. 108, the Company concluded that these errors were material\nto the previously issued interim financial statements and require restatement.\n\n \n\nAs a result of the foregoing, the Company has\ndetermined that the previously issued unaudited condensed consolidated financial statements contained in each of the Affected Filings\n— including the condensed consolidated balance sheets, statements of operations, statements of shareholders' equity (deficit), and\nstatements of cash flows — together with any related press releases, earnings releases, and investor communications describing those\nperiods, should no longer be relied upon.\n\n \n\nThe Company intends to file with the SEC amended\nQuarterly Reports on Form 10-Q/A for each of the affected quarterly periods to restate the affected financial statements as soon as practicable.\nThe nature of the errors and the effect of the restatement will be more fully described in Note 18, \"*Restatement of Previously\nIssued Condensed Consolidated Financial Statements*,\" to the restated financial statements to be included in each applicable Form\n10-Q/A.\n\n \n\nIn connection with the restatement, management,\nwith the participation of the Company's Chief Executive Officer (who serves as the Company's principal executive officer and principal\nfinancial and accounting officer), concluded that the Company's disclosure controls and procedures were not effective as of the end of\neach affected period due to a material weakness in internal control over financial reporting relating to the monitoring of debt obligations\nand compliance with the terms of certain financing agreements. The Company has begun implementing remediation measures, including enhanced\nmonitoring of debt agreements, strengthened review procedures over debt obligations, and increased oversight by senior management.\n\n \n\nThe conclusion that the Affected Filings should\nno longer be relied upon was reached by the Board of Directors of the Company after consultation with the Auditor.\n\n \n\nThe Company has discussed the matters disclosed\nin this Current Report on Form 8-K with the Auditor. The Auditor has advised the Company that it agrees with the statements made by the\nCompany in this Item 4.02.\n\n \n\n \n\n \n\n 2 \n\n \n\n \n\n**SIGNATURES**\n\n \n\nPursuant to the requirements of the Securities Exchange Act of 1934,\nthe Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.\n\n \n\nDate July 15, 2026\n**High Wire Networks, Inc.**\n\n \n \n\n \nBy:\n/s/ *Dennis O’Leary*\n\n \n \nDennis O’Leary, Chief Executive Officer\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n 3"}