Item 1.01. Entry into a Material Definitive Agreement.

The information set forth under Item 2.03, "Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant," is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On April 28, 2023, WidePoint Corporation (the "Company") entered into an Accounts Receivable Purchase Agreement (the "Agreement") with Republic Capital Access, LLC (the "Buyer"). Pursuant to the Agreement, the Company may from time to time offer and sell eligible accounts receivable to the Buyer at an initial purchase price equal to 90% of the receivable (85% is the account receivable debtor is not a government entity), subject to increase based on, among other things, the total amount collected and the discount factor applicable to the receivable. The facility is limited to a total of $4 million outstanding at any time, with an available increase to $10 million, subject to adequate receivables. The Agreement contains customary fees, covenants and representations.

The description of the Agreement set forth above is qualified by reference to Exhibit 10.1, which is incorporated herein by reference.

Item 9.01(d) Financial Statements and Exhibits.





  Exhibit     Accounts Receivable Purchase Agreement with Republic Capital Access,
10.1        LLC

Exhibit     Cover Page Interactive Data File (embedded within the inline XBRL
104         document)





2

© Edgar Online, source Glimpses