WidePoint announces plans for public offering of common shares

Underwriter B. Riley helps sell shares for general corporate purposes

By Susanna Moon

Chicago, Feb. 25 - WidePoint Corp. plans a public offering of shares with a 30-day greenshoe, according to a 424B5 filing with the Securities and Exchange Commission.

B. Riley & Co., LLC will be the underwriter.

The company's stock (NYSE: WYY) last closed at $1.51 per share on Feb. 24.

Proceeds will be used for general corporate purposes including the repayment of debt, acquiring businesses and investing in other businesses.

The McLean, Va., company is a provider of information technology-based products, services and solutions.

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