secwatch.observer — SEC 8-K summary
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Issuer:     WYTEC INTERNATIONAL INC (WYTC)
CIK:        0001560143
Form:       8-K
Filed at:   2025-09-09T23:59:59+00:00
Accession:  0001683168-25-006787
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wytec enters $180,550 promissory note with 1800 Diagonal Lending; OID $23,550
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- Closed securities purchase agreement with 1800 Diagonal Lending on Sep 3, 2025 issuing a $180,550 principal note (purchased for $157,000; $23,550 OID).
- Note matures Jun 30, 2026 with scheduled installments: $101,108.50 due Feb 28, 2026; four quarterly payments of ~$25,277.
- Default triggers 150% increase in outstanding and 22% interest; conversion option at 65% of lowest 10-day VWAP capped at 4.99% ownership.
- Proceeds used for general working capital; additional tranches of up to $1,625,000 subject to future agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560143/000168316825006787/0001683168-25-006787-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560143/000168316825006787/wytec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-006787

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer