{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-26-001619","form_type":"8-K","ticker":"WYTC","cik":"0001560143","company_name":"WYTEC INTERNATIONAL INC","filed_at":"2026-03-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.430935+00:00","generated_at":"2026-05-15T17:40:37.281357+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Wytec issues $71.3K convertible promissory note with aggressive default conversion terms","bullets":["Sold $71,300 note (incl. $9,300 OID) to 1800 Diagonal Lending for net proceeds of $62,000.","Note bears 12% one-time interest ($8,556), matures Dec 30, 2026, with scheduled payments.","On default, principal + interest increase 150% and accrue at 22%; lender may convert at 65% of lowest 10-day trading price.","Proceeds used for general working capital; $7,000 buyer expenses reimbursed.","Note has cap on conversion preventing ownership over 4.99% of outstanding shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-26-001619","json":"https://secwatch.observer/filing/0001683168-26-001619.json","markdown":"https://secwatch.observer/filing/0001683168-26-001619.md","text":"https://secwatch.observer/filing/0001683168-26-001619.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560143/000168316826001619/0001683168-26-001619-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560143/000168316826001619/wytec_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T17:40:37.281357+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":"b80270b1f2c893e711b26df6693f731d1980d777","claim":"WYTEC INTERNATIONAL INC entered into 1800 Diagonal SPA with 1800 Diagonal Lending LLC valued at $71,300 (effective 2026-03-03).","evidence_excerpt":"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 March 3, 2026, pursuant to which Wytec sold 1800 Diagonal a promissory note in the principal amount of $71,300","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1560143/000168316826001619/0001683168-26-001619-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"1800 Diagonal Lending LLC"},{"label":"Value","value":"$71,300"},{"label":"Effective","value":"2026-03-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}