Wytec issues $94,300 promissory note to 1800 Diagonal Lending, net proceeds $82k

WYTEC INTERNATIONAL INC

Note issued Oct 15, 2025; principal $94,300, includes $12,300 original issue discount, net purchase price $82,000.
One-time 12% interest charge of $11,316; maturity Aug 15, 2026 with installment payments starting Apr 15, 2026.
Upon default, note converts to common stock at 65% of lowest trading price in prior 10 trading days.
Company has ~16.996M shares outstanding; note contains 4.99% beneficial ownership cap on conversion.
SPA references potential additional tranches up to $1,625,000 subject to future agreement.

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 $94,300 with 1800 Diagonal Lending LLC at 12% maturing August 15, 2026.

Instrument: loan
Principal: $94,300
Counterparty: 1800 Diagonal Lending LLC
Rate: 12%
Maturity: August 15, 2026
Event: incurrence

Exact text from the filing

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 October 15, 2025, pursuant to which Wytec sold 1800 Diagonal a promissory note in the principal amount of $94,300 (the “Note”).

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Source: SEC EDGAR

accession 0001683168-25-007683

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