Wytec International, Inc. Announces Entry into Material Definitive Agreement and Promissory Note Financing

Key Points:

• Wytec International, Inc. (“Wytec”) has entered into a Securities Purchase Agreement with 1800 Diagonal Lending LLC.
• As part of this transaction, Wytec also executed a Promissory Note with 1800 Diagonal Lending LLC for principal financing of \$71,300.
• The Promissory Note carries a one-time interest charge of 12% (\$8,556), applied on the issuance date.
• The proceeds from this financing are earmarked for general working capital purposes.
• The Common Stock, trading under the symbol WYTC on the OTCQB, is the security referenced in this agreement.

Details of the Material Definitive Agreement:

• The Securities issued under this agreement include the Promissory Note and shares of Common Stock issuable upon conversion or pursuant to the Note (“Conversion Shares”).
• The buyer (1800 Diagonal Lending LLC) represents themselves as an “accredited investor” and is purchasing the securities for investment purposes, not for immediate public sale.
• Wytec confirms that the securities are issued under specific exemptions from registration requirements under the Securities Act of 1933, relying on the buyer’s representations for such exemptions.
• The securities may bear a restrictive legend and cannot be sold, assigned, or transferred unless a registration statement is effective, or an acceptable legal opinion is provided to Wytec’s transfer agent.
• Wytec is obligated to remove the restrictive legend if the securities become freely tradable or if an acceptable legal opinion is provided.

Corporate and Financial Transparency:

• Wytec states that it has filed all reports required under the Securities Exchange Act of 1934 and that its financial statements comply with accounting requirements and fairly present its consolidated financial position.
• Wytec affirms that since September 30, 2025, there have been no material adverse changes or developments in its assets, liabilities, business, or financial condition, except as disclosed in SEC filings.
• No material litigation or adverse regulatory actions affecting the company or its subsidiaries are pending or threatened, except as disclosed in SEC documents.
• The company asserts there are no broker fees or commissions relating to this agreement, and Wytec is not an investment company required to be registered under the Investment Company Act.

Shareholder and Price-Sensitive Information:

• This financing arrangement may be considered price-sensitive because it impacts Wytec’s capital structure, liquidity, and the potential issuance of new shares upon conversion of the Promissory Note.
• Any conversion of the Note into Common Stock could result in dilution to existing shareholders, depending on the terms and timing of conversion.
• Failure to comply with the reporting requirements of the Exchange Act, delisting of Common Stock, bankruptcy proceedings, or restatement of financial statements may trigger events of default under the Note, which could materially affect the company and its share price.
• Wytec has pledged to use its best efforts to satisfy all conditions of the agreement and ensure compliance with applicable laws and reporting obligations.

Other Important Terms:

• Wytec is required to use the proceeds from the Note solely for general working capital purposes.
• Should Wytec fail to maintain its OTCQB listing or comply with SEC reporting requirements, this could trigger a default and negatively impact shareholders.
• Wytec and 1800 Diagonal Lending LLC agree that the buyer is not acting as a dealer, underwriter, or market maker.
• No litigation, regulation, or government order prohibiting the transaction has been enacted or is expected.

Potential Share Price Impact:

• The entry into a material financing agreement and the possibility of new shares being issued upon conversion is significant for investors, as it could affect both liquidity and share valuation.
• Ongoing compliance with SEC reporting requirements is emphasized, and any failure could trigger events of default, potentially impacting share price.
• Wytec’s assertion of no material adverse changes since September 2025, and no undisclosed litigation, may provide reassurance to investors, but the new financing arrangement introduces potential risks and opportunities.

Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with financial professionals before making any investment decisions. The information provided is based on Wytec International, Inc.’s SEC filings and may be subject to change. The author assumes no responsibility for any actions taken based on the information contained herein.

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