WidePoint plans to conduct public offering of common stock

B. Riley & Co. to act as lead bookrunner, Craig Hallum as co-manager

By Marisa Wong

Madison, Wis., Oct. 22 – WidePoint Corp. said it intends to offer shares of its common stock in an underwritten public offering with a 30-day greenshoe.

B. Riley & Co., LLC will act as lead bookrunner, and Craig Hallum Capital Group LLC will act as co-manager.

WidePoint expects to use proceeds from the offering for growth capital, general corporate purposes including the repayment of debt and mergers and acquisitions.

The company’s stock closed at $1.62 (NYSE: WYY) on Oct. 21.

WidePoint is an information technology services provider based in McLean, Va.

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