---
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"
generated_at: "2026-05-15T17:40:37.281357+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Wytec issues $71.3K convertible promissory note with aggressive default conversion terms

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-001619
- JSON: https://secwatch.observer/filing/0001683168-26-001619.json
- Plain text: https://secwatch.observer/filing/0001683168-26-001619.txt

## Key facts
- Material Agreements
  WYTEC INTERNATIONAL INC entered into 1800 Diagonal SPA with 1800 Diagonal Lending LLC valued at $71,300 (effective 2026-03-03).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: 1800 Diagonal Lending LLC
  - Value: $71,300
  - Effective: 2026-03-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1560143/000168316826001619/0001683168-26-001619-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.