WYTEC INTERNATIONAL INC (WYTC): debt financing — Wytec raises $122K in convertible notes with Labrys Fund II and 1800 Diagonal Lending

WYTEC INTERNATIONAL INC

Sold $74,750 principal note to Labrys for $65,000; OID $9,750; 12% interest charge; matures Dec 5, 2026.
Sold $65,500 principal note to 1800 Diagonal for $57,000; OID $8,500; 12% interest charge; matures Oct 15, 2026.
Both notes convertible into common stock at 65% of lowest trading price upon default; 4.99% beneficial ownership cap.
Labrys note amortizes in monthly payments starting June 2026; prepayment right within 181 days.
1800 Diagonal note has ten equal monthly payments starting Jan 15, 2026; prepayment discount up to 5%.

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 $65,500 with 1800 Diagonal Lending LLC at 12% maturing October 15, 2026.

Instrument: loan
Principal: $65,500
Counterparty: 1800 Diagonal Lending LLC
Rate: 12%
Maturity: October 15, 2026
Event: incurrence

Exact text from the filing

Wytec entered into a securities purchase agreement (the “1800 Diagonal SPA”) with 1800 Diagonal Lending LLC, a Virginia limited liability company (“1800 Diagonal”), which closed on December 12, 2025, pursuant to which Wytec sold 1800 Diagonal a promissory note in the principal amount of $65,500 (the “1800 Diagonal Note”).

View on SEC.gov

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

WYTEC INTERNATIONAL INC incurred loan of $74,750 with Labrys Fund II, L.P. at 12% maturing December 5, 2026.

Instrument: loan
Principal: $74,750
Counterparty: Labrys Fund II, L.P.
Rate: 12%
Maturity: December 5, 2026
Event: incurrence

Exact text from the filing

Wytec International, Inc., a Nevada corporation (“Wytec”), entered into a securities purchase agreement (the “Labrys SPA”) with Labrys Fund II, L.P., a Delaware limited partnership (“Labrys”), which closed on December 10, 2025, pursuant to which Wytec sold Labrys a promissory note in the principal amount of $74,750 (the “Labrys Note”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WYTEC INTERNATIONAL INC entered into Labrys Securities Purchase Agreement with Labrys Fund II, L.P. valued at $74,750 promissory note, $65,000 purchase price (effective 2025-12-10).

Action: entry
Agreement: credit facility
Counterparty: Labrys Fund II, L.P.
Value: $74,750 promissory note, $65,000 purchase price
Effective: 2025-12-10

Exact text from the filing

Wytec International, Inc., a Nevada corporation (“Wytec”), entered into a securities purchase agreement (the “Labrys SPA”) with Labrys Fund II, L.P., a Delaware limited partnership (“Labrys”), which closed on December 10, 2025, pursuant to which Wytec sold Labrys a promissory note in the principal amount of $74,750 (the “Labrys Note”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WYTEC INTERNATIONAL INC entered into 1800 Diagonal Securities Purchase Agreement with 1800 Diagonal Lending LLC valued at $65,500 promissory note, $57,000 purchase price (effective 2025-12-12).

Action: entry
Agreement: credit facility
Counterparty: 1800 Diagonal Lending LLC
Value: $65,500 promissory note, $57,000 purchase price
Effective: 2025-12-12

Exact text from the filing

Wytec entered into a securities purchase agreement (the “1800 Diagonal SPA”) with 1800 Diagonal Lending LLC, a Virginia limited liability company (“1800 Diagonal”), which closed on December 12, 2025, pursuant to which Wytec sold 1800 Diagonal a promissory note in the principal amount of $65,500 (the “1800 Diagonal Note”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001683168-25-009189

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