Wytec raises $157K via convertible note with Labrys Fund; maturity Oct 2026

WYTEC INTERNATIONAL INC

Issued $180,550 promissory note to Labrys Fund II for net proceeds of $157,000 after $23,550 original issue discount.
Note carries 12% one-time interest ($21,666) and matures Oct 3, 2026 with amortization payments of $28,888 from Apr to Oct 2026.
Upon default or missed payment, Labrys can convert outstanding at 65% of lowest 20-day VWAP, subject to 4.99% ownership cap.
If Wytec receives cash proceeds exceeding $500k, Labrys may require up to 25% of excess to repay the note.
As of Oct 3, 2025, Wytec had 16,903,492 common shares outstanding.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WYTEC INTERNATIONAL INC incurred loan of $180,550 with Labrys Fund II, L.P. at 12% maturing October 3, 2026.

Instrument: loan
Principal: $180,550
Counterparty: Labrys Fund II, L.P.
Rate: 12%
Maturity: October 3, 2026
Event: incurrence

Exact text from the filing

Wytec sold Labry 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 $21,666. The Note has a maturity date of October 3, 2026

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Source: SEC EDGAR

accession 0001683168-25-007472

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