{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-007472","form_type":"8-K","ticker":"WYTC","cik":"0001560143","company_name":"WYTEC INTERNATIONAL INC","filed_at":"2025-10-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.736445+00:00","generated_at":"2026-05-17T04:11:04.681256+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Wytec raises $157K via convertible note with Labrys Fund; maturity Oct 2026","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-007472","json":"https://secwatch.observer/filing/0001683168-25-007472.json","markdown":"https://secwatch.observer/filing/0001683168-25-007472.md","text":"https://secwatch.observer/filing/0001683168-25-007472.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560143/000168316825007472/0001683168-25-007472-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560143/000168316825007472/wytec_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:11:04.681256+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5765b90b4a66bb957c43dfd923ffd43b6bf46f38","claim":"WYTEC INTERNATIONAL INC incurred loan of $180,550 with Labrys Fund II, L.P. at 12% maturing October 3, 2026.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1560143/000168316825007472/0001683168-25-007472-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$180,550"},{"label":"Counterparty","value":"Labrys Fund II, L.P."},{"label":"Rate","value":"12%"},{"label":"Maturity","value":"October 3, 2026"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}