SCHEDULE: Mast Hill Fund Discloses 2.89% Passive Stake in High Wire Networks

Mast Hill Fund, L.P. and its affiliates have disclosed a 2.89% beneficial ownership stake in High Wire Networks, Inc., holding 66,204 common shares.

Summary

• Mast Hill Fund, L.P., Mast Hill Management, LLC, Farzan Hassani, and George Murphy (collectively, the "Reporting Persons") have filed a Schedule 13G/A regarding their beneficial ownership in High Wire Networks, Inc.
• The Reporting Persons collectively beneficially own 66,204 shares of High Wire Networks, Inc.'s Common Stock, par value $0.00001 per share.
• This ownership represents 2.89% of the Issuer's outstanding common shares.
• The percentage is calculated based on 2,290,363 common shares of High Wire Networks, Inc. outstanding as of May 23, 2025, as reported in the Issuer's Form S-1.
• Mast Management serves as the investment manager to Mast Hill, in whose name the shares are held, and Mr. Murphy and Mr. Hassani are members of Mast Management.
• The Reporting Persons disclaim beneficial ownership of these securities, except to the extent of their respective pecuniary interest therein.
• The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a routine disclosure of passive ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook. It is a factual report of a stake below the threshold for active influence.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership disclosure.

Management Comments

• The Reporting Persons certify that, to the best of their knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing is a routine disclosure of a passive ownership stake by an institutional investor, which is a common occurrence in the public markets and does not inherently reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders are informed of a new passive institutional investor holding a minority stake, which typically has minimal direct impact on company operations or strategy.

Key Dates

Recommendation

Keywords

High Wire Networks, Mast Hill Fund, Schedule 13G, beneficial ownership, common stock, SEC filing, institutional ownership, passive investment