secwatch.observer — SEC 8-K summary
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Issuer:     WYTEC INTERNATIONAL INC (WYTC)
CIK:        0001560143
Form:       8-K
Filed at:   2025-12-16T23:59:59+00:00
Accession:  0001683168-25-009189
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wytec raises $122K in convertible notes with Labrys Fund II and 1800 Diagonal Lending
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560143/000168316825009189/0001683168-25-009189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560143/000168316825009189/wytec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-009189

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