Wytec International Enters Material Agreement
Ticker: WYTC · Form: 8-K · Filed: Sep 9, 2025 · CIK: 1560143
| Field | Detail |
|---|---|
| Company | Wytec International Inc (WYTC) |
| Form Type | 8-K |
| Filed Date | Sep 9, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $180,550, $23,550, $157,000, $21,667, $101,108.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Wytec just signed a big deal, creating a new financial obligation. Details in the filing.
AI Summary
Wytec International, Inc. entered into a material definitive agreement on September 3, 2025. This agreement also creates a direct financial obligation for the registrant. The filing includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or partnership for Wytec International, Inc., which could impact its future financial performance and strategic direction.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation introduces potential risks related to the company's ability to meet its commitments.
Key Players & Entities
- Wytec International, Inc. (company) — Registrant
- September 3, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Wytec International, Inc.?
The filing states that Wytec International, Inc. entered into a material definitive agreement on September 3, 2025, but does not specify the details of the agreement itself within the provided text.
What type of financial obligation does this agreement create for Wytec International, Inc.?
The filing indicates that the agreement creates a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'.
When was this 8-K filing submitted to the SEC?
The filing was submitted on September 9, 2025.
What is Wytec International, Inc.'s state of incorporation?
Wytec International, Inc. is incorporated in Nevada.
What is the principal executive office address for Wytec International, Inc.?
The principal executive offices are located at 19206 Huebner Road, Suite 202, San Antonio, Texas 78258.
Filing Stats: 796 words · 3 min read · ~3 pages · Grade level 9.5 · Accepted 2025-09-09 16:09:12
Key Financial Figures
- $180,550 — missory note in the principal amount of $180,550 (the "Note"). The Note included an orig
- $23,550 — included an original issue discount of $23,550 and was purchased for an aggregate of $
- $157,000 — 0 and was purchased for an aggregate of $157,000. A one-time interest charge of 12% was
- $21,667 — uance date of the Note in the amount of $21,667. The Note has a maturity date of June 3
- $101,108.50 — une 30, 2026 and is payable as follows: $101,108.50 on February 28, 2026; $25,277.13 on Mar
- $25,277.13 — lows: $101,108.50 on February 28, 2026; $25,277.13 on March 30, 2026; $25,277.13 on April
- $25,277.11 — , 2026; $25,277.13 on May 30, 2026; and $25,277.11 on June 30, 2026. Wytec has the right t
Filing Documents
- wytec_8k.htm (8-K) — 32KB
- wytec_ex1001.htm (EX-10.1) — 77KB
- wytec_ex1002.htm (EX-10.2) — 84KB
- 0001683168-25-006787.txt ( ) — 392KB
- wytc-20250903.xsd (EX-101.SCH) — 3KB
- wytc-20250903_lab.xml (EX-101.LAB) — 33KB
- wytc-20250903_pre.xml (EX-101.PRE) — 22KB
- wytec_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Wytec International, Inc., a Nevada corporation ("Wytec"), entered into a securities purchase agreement (the "SPA") with 1800 Diagonal Lending LLC, a Virginia limited liability company ("1800 Diagonal"), which closed on September 3, 2025, pursuant to which Wytec sold 1800 Diagonal a promissory note in the principal amount of $180,550 (the "Note"). The Note included an original issue discount of $23,550 and was purchased for an aggregate of $157,000. A one-time interest charge of 12% was applied to the principal amount on the issuance date of the Note in the amount of $21,667. The Note has a maturity date of June 30, 2026 and is payable as follows: $101,108.50 on February 28, 2026; $25,277.13 on March 30, 2026; $25,277.13 on April 30, 2026; $25,277.13 on May 30, 2026; and $25,277.11 on June 30, 2026. Wytec has the right to prepay the Note in full at any time with no prepayment penalty. The SPA contains customary terms and conditions. In the event of a default on the Note, the outstanding principal and accrued and unpaid interest amount of the Note will be increased by 150% and the Note will accrue interest at a rate of 22% per annum. Additionally, in the event of a default on the Note, 1800 Diagonal will have the option, exercisable in its sole discretion, to convert the Note into shares of Wytec's common stock at a conversion price per share equal to 65% the lowest trading price of Wytec's common stock during the ten trading day period ending on the latest completed trading day prior to the conversion date; provided, however, at no time may the Note be converted into shares of Wytec's common stock if such conversion would result in 1800 Diagonal and its affiliates owning an aggregate of more than 4.99% of the then outstanding shares of Wytec's common stock. The above description of the SPA and Note is not complete and is qualified in its entirety by the full text of the SPA and Note, filed herewith as Exhibit
03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
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 by reference in its entirety into this Item 2.03. SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS
01 Financial Statements
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Securities Purchase Agreement, dated September 2, 2025 . 10.2 Promissory Note, dated September 2, 2025 . 104 Cover Page Interactive Data File (embedded within the inline XBRL Document). 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: September 9, 2025 /s/ William H. Gray William H. Gray, Chief Executive Officer 3