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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Oct. 25, 1:30 AM

Slide #3. WidePoint Corporation Secondary Offering

Company: WidePoint Corporation (AMEX:WYY)
Date announced: 10/22/2014
Shares Offered: 6,896,552
Date of Pricing: 10/23/2014
Price Per Share: $1.45
Secondary Offering Details: WidePoint Corporation (NYSE Mkt: WYY) a leading provider of Managed Mobility Services (MMS) specializing in Cybersecurity and Telecommunications Lifecycle Management (TLM) solutions, 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 underwriters 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. - updated 10/23 - WidePoint Corporation (NYSE Mkt: WYY) a leading provider of Managed Mobility Services (MMS) specializing in Cybersecurity and Telecommunications Lifecycle Management (TLM) solutions, announced today the pricing of an underwritten public offering of 6,896,552 shares of its common stock at a purchase price of $1.45 per share. The gross proceeds to the Company from this offering are expected to be approximately $10.0 million, before deducting underwriting discounts and other estimated offering expenses. In addition, WidePoint has granted the underwriters a 30-day option to purchase up to an aggregate of 1,034,483 additional shares of common stock to cover over-allotments, if any. All of the shares in the offering are to be sold by WidePoint. While the offering is expected to close on October 28, 2014, the closing of the offering is subject to customary closing conditions and therefore there can be no assurance as to whether or when the offering will be completed.

WidePoint is a provider of information technology (IT) based products, services, and solutions. Co. provides cloud-based, enterprise-wide information technology-based solutions that enable commercial markets, and federal and state government organizations, to deploy compliant IT services in accordance with government-mandated regulations and system requirements. Co. provides a suite of products and services for its Managed Mobility Solutions offering. Co. provides set of mobile communications solutions using its proprietary cloud-based portal to enable its clients to manage their telecommunications assets and expenses.
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Company Name:  WidePoint Corp
Website:  www.widepoint.com
Sector:  Information Technology Services
Number of ETFs Holding WYY:  1
Total Market Value Held by ETFs:  $260699
Total Market Capitalization:  $118.00M
% of Market Cap. Held by ETFs:  0.22%
 

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October 25, 2014    1:30 AM Eastern
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Strong Buy (4.00 out of 4)
87th percentile
(ranked higher than approx. 87% of all stocks covered)
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