Wytec International Reports Material Definitive Agreement

TL;DR

Wytec signed a big deal on Dec 31st, expect changes for shareholders.

AI Summary

Wytec International, Inc. filed an 8-K on January 7, 2025, reporting a material definitive agreement entered into on December 31, 2024. This agreement creates a direct financial obligation for the registrant and involves material modifications to the rights of security holders. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates a significant new agreement for Wytec International, potentially impacting its financial obligations and the rights of its shareholders.

Risk Assessment

Risk Level: medium — The filing details a material definitive agreement and modifications to security holder rights, suggesting potential shifts in the company's financial structure or operational landscape.

Key Players & Entities

• Wytec International, Inc. (company) — Registrant
• December 31, 2024 (date) — Date of earliest event reported
• January 7, 2025 (date) — Date of report

FAQ

Key Financial Figures

• $625,000 b — 24, in the original principal amount of $625,000 by nine (9) additional six month periods

Filing Documents

• wytec_8k.htm (8-K) — 28KB
• wytec_ex1001.htm (EX-10.1) — 9KB
• 0001683168-25-000129.txt ( ) — 210KB
• wytc-20241231.xsd (EX-101.SCH) — 3KB
• wytc-20241231_lab.xml (EX-101.LAB) — 33KB
• wytc-20241231_pre.xml (EX-101.PRE) — 24KB
• wytec_8k_htm.xml (XML) — 3KB

01. Entry into a

Item 1.01. Entry into a Material Definitive Agreement. On or about December 31, 2024, Wytec International, Inc., a Nevada corporation ("Wytec"), and Mr. Christopher Stuart, a director of Wytec, entered into an amendment (the "Amendment") in order to allow Wytec to extend the maturity date of that certain unsecured promissory note, dated February 25, 2020, as amended on August 13, 2022 and on February 5, 2024, in the original principal amount of $625,000 by nine (9) additional six month periods instead of seven (7) additional six month periods in consideration for an extension from December 31, 2024 to December 31, 2025 of the expiration date of 20,640 common stock purchase warrants, issued on December 11, 2023, 85,784 common stock purchase warrants, issued on December 11, 2023, and 17,500 common stock purchase warrants, issued on February 17, 2022, owned by Mr. Christopher Stuart. A copy of the Amendment is attached to this Report as Exhibit 10.1. SECTION 2. FINANCIAL INFORMATION Item 2.03 .Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 is incorporated herein by reference. SECTION 3. SECURITIES AND TRADING MARKETS

03. Material Modification to Rights of Security Holders

Item 3.03. Material Modification to Rights of Security Holders. The information set forth in Item 1.01 is incorporated herein by reference. SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS Item 9.01. Financial Statements and Exhibits. (d) Exhibits 10.1 Amendment to Promissory Note and Warrants, dated December 31, 2024, by and between Wytec International, Inc. and Christopher Stuart 104 Cover Page Interactive Data File (formatted in inline XBRL). 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. WYTEC INTERNATIONAL, INC. (Registrant) Date: January 7, 2025 /s/ William H. Gray William H. Gray, Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR