Brief: Widepoint Says Entered Appointment And Standstill Agreement With Its Significant Stockholder, Nokomis Capital

WidePoint

03/07/2018 21:47

July 3 (Reuters) - WidePoint Corp  WYY.A :
    * WIDEPOINT SAYS ENTERED APPOINTMENT AND STANDSTILL
AGREEMENT WITH
ITS SIGNIFICANT STOCKHOLDER, NOKOMIS CAPITAL, L.L.C. - SEC
FILING
    * WIDEPOINT - AS PER APPOINTMENT, STANDSTILL AGREEMENT,
NOKOMIS
SHALL BE ENTITLED TO APPOINT 1 "QUALIFIED INDEPENDENT
INDIVIDUAL" AS CLASS III DIRECTOR OF CO
    * WIDEPOINT - AS PER APPOINTMENT, STANDSTILL AGREEMENT, CO,
NOKOMIS SHALL MUTUALLY SELECT A INDEPENDENT INDIVIDUAL TO SERVE
AS CLASS III DIRECTOR OF CO
    * WIDEPOINT - IF MUTUALLY ACCEPTABLE CANDIDATE NOT APPOINTED
PRIOR
TO JAN 2, 2019, CO SHALL TEMPORARILY APPOINT WES CUMMINS/BRETT
HENDRICKSON TO BOARD
    * WIDEPOINT - AS OF DATE OF APPOINTMENT, STANDSTILL
AGREEMENT,
NOKOMIS OWNED SHARES OF CO REPRESENTING ABOUT 15.4% OF CO'S
TOTAL OUTSTANDING SHARES

Source text: (https://bit.ly/2KITnBq)
Further company coverage:  WYY.A 

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