Non-Reliance of Financial Report (Form 8-K)

Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.

On July 9, 2026, following discussions with management of High Wire Networks, Inc. (the "Company"), the Company's independent registered public accounting firm, Sadler, Gibb & Associates, LLC (the "Auditor"), advised management that the Company's previously issued financial statements identified below should no longer be relied upon.

In connection with the preparation of the Company's year-end audit, the Company identified errors in the accounting for defaults on certain loans payable that were not accounted for in the previously filed interim financial statements, resulting in the incorrect reporting of loans payable and non-operating expenses in the following filings (collectively, the "Affected Filings"):

The errors relate primarily to the Company's failure to record defaults on certain loans payable. As a result, for each affected period the Company understated the current portion of loans payable and failed to record a related non-operating loss on settlement of debt of $1,376,890, which increased total other expense and net loss. Based on its analysis under FASB ASC 250, SAB No. 99, and SAB No. 108, the Company concluded that these errors were material to the previously issued interim financial statements and require restatement.

As a result of the foregoing, the Company has determined that the previously issued unaudited condensed consolidated financial statements contained in each of the Affected Filings - including the condensed consolidated balance sheets, statements of operations, statements of shareholders' equity (deficit), and statements of cash flows - together with any related press releases, earnings releases, and investor communications describing those periods, should no longer be relied upon.

The Company intends to file with the SEC amended Quarterly Reports on Form 10-Q/A for each of the affected quarterly periods to restate the affected financial statements as soon as practicable. The nature of the errors and the effect of the restatement will be more fully described in Note 18, "Restatement of Previously Issued Condensed Consolidated Financial Statements," to the restated financial statements to be included in each applicable Form 10-Q/A.

In connection with the restatement, management, with the participation of the Company's Chief Executive Officer (who serves as the Company's principal executive officer and principal financial and accounting officer), concluded that the Company's disclosure controls and procedures were not effective as of the end of each affected period due to a material weakness in internal control over financial reporting relating to the monitoring of debt obligations and compliance with the terms of certain financing agreements. The Company has begun implementing remediation measures, including enhanced monitoring of debt agreements, strengthened review procedures over debt obligations, and increased oversight by senior management.

The conclusion that the Affected Filings should no longer be relied upon was reached by the Board of Directors of the Company after consultation with the Auditor.

The Company has discussed the matters disclosed in this Current Report on Form 8-K with the Auditor. The Auditor has advised the Company that it agrees with the statements made by the Company in this Item 4.02.