QualityStocksNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Announces Update Regarding Upcoming Merger, Appoints New CEO
Spectrum Global Solutions (OTCQB: SGSI), a single-source provider of next-generation communications network and professional services to telecommunications and enterprise markets, has released an update regarding the company’s previously announced merger with High Wire Networks Inc. In addition, SGSI also announced the appointment of a new CEO: Mark Porter. In the announcement, the company noted that all but one of the closing conditions outlined in the merger have been either satisfied or waived; the last closing condition is regarding a pending Paycheck Protection Program Loan Forgiveness Application that has been submitted by one of Spectrum’s subsidiaries. Completing the merger before the…