Wytec International Inc CEO William Henry Gray reported a series of equity awards in company common stock. Across 12 grant or award acquisitions between October 2025 and March 5, 2026, he received a total of 5,450 shares at prices ranging from $1.34 to $5.00 per share.
Following the largest recent grant of 3,750 shares on March 5, 2026 at $5.00 per share, Gray’s directly held common stock increased to 3,230,097 shares as of that date.
Wytec International, Inc. reports an update on a previously disclosed cybersecurity incident that occurred on August 25, 2025, when a bad actor repeatedly defaced its website at wytecintl.com. The company took the website down the same day, used a temporary page, and reviewed its web platform before rebuilding.
Wytec states it has restored impacted IT systems and data and is now only dealing with minor operational effects. Authorities have closed their investigation without identifying the source. The company believes the incident’s impacts are mainly costs to rebuild the website on a new server and hosting platform and to enhance security protocols.
Wytec International, Inc. reported that its board approved extensions of two existing stock purchase warrants held by senior executives as a form of compensation for their contributions during the 2025 fiscal year. The warrant held by chief executive officer and president William H. Gray, allowing him to purchase up to 2,000,000 shares of common stock, had its expiration date moved from December 31, 2025 to December 31, 2026. A smaller warrant held by director of operations and corporate secretary Erica Perez, covering up to 25,000 shares of common stock, was also extended on the same terms, with the expiration date similarly pushed from December 31, 2025 to December 31, 2026. These actions do not create new warrants but give the existing holders more time to exercise their current rights.
Wytec International, Inc. disclosed that it entered into two securities purchase agreements for promissory note financing with Labrys Fund II, L.P. and 1800 Diagonal Lending LLC.
The Labrys note has $74,750 principal with a $9,750 original issue discount, a one-time 12% interest charge of $8,970, and matures on December 5, 2026, with scheduled amortization payments from June through November 2026 and a final payment in December. On a missed payment or other event of default, Labrys may convert outstanding principal and interest into common stock at 65% of the lowest trading price over the prior 20 trading days, subject to a 4.99% ownership cap and a right to require partial repayment from specified cash proceeds above $500,000.
The 1800 Diagonal note has $65,500 principal with an $8,500 original issue discount, a one-time 12% interest charge of $7,860, and matures on October 15, 2026, payable in ten equal monthly installments of $7,336 starting January 15, 2026. Upon default, the outstanding amount increases by 150%, accrues interest at 22% per year, and may be converted into common stock at 65% of the lowest trading price over the prior ten trading days, also subject to a 4.99% ownership cap.
Wytec International (WYTC) reported very limited revenue and continuing losses in its quarter ended September 30, 2025. Revenue fell to $2,359 from $88,034 a year earlier, and nine‑month revenue dropped to $24,149 from $128,146. The company posted a Q3 net loss of $523,445 and a nine‑month net loss of $1,786,420, driven mainly by selling, general and administrative expenses.
Wytec ended the quarter with $128,937 in cash and total assets of $201,945 against current liabilities of $3,864,710, resulting in a stockholders’ deficit of $3,662,765. Operating activities used $1,143,568 of cash over nine months, funded largely by new promissory and convertible notes.
The company discloses an accumulated deficit of $36,568,001 and approximately $2,400,000 of financing commitments over the next 12 months, stating that these factors raise substantial doubt about its ability to continue as a going concern. Management plans further capital raises through public or private offerings and debt financing to support its 5G small‑cell and in‑building wireless business.
Wytec International (WYTC) director Christopher Stuart reported multiple open‑market purchases of common stock on Form 4.
He acquired 20,000 shares at $1 on 06/02/2025, 3,750 shares at $5 on 07/21/2025, and 3,750 shares at $5 on 10/28/2025. Following the 10/28 transaction, direct beneficial ownership is listed as 753,577 shares. An additional 20,000 shares were acquired indirectly on 06/02/2025 through Eagle Rock Investments, with beneficial ownership shown as 773,577 shares for that line.
Wytec International (WYTC) reported insider buying on Form 4 by a director. The filing shows two open-market acquisitions of common stock: 3,750 shares on 07/21/2025 at $5 per share, followed by 3,750 shares on 10/28/2025 at $5 per share.
After the first purchase, the director beneficially owned 59,194 shares; after the second, 62,944 shares. The ownership form is direct. The form was signed by /s/ Erica Perez on 11/05/2025.
Wytec International (WYTC) reported an insider transaction by its CEO and director, William H. Gray. On 10/28/2025, he acquired 3,750 common shares at $5.00 per share (Transaction Code: A). After this transaction, his direct beneficial ownership totaled 3,226,347 shares. The filing indicates it was submitted by one reporting person.
Wytec International appointed BDO USA, P.C. as its independent registered public accounting firm effective November 1, 2025, following the resignation of Horne LLP after Horne’s partners and staff joined BDO. The Audit Committee approved the appointment.
Horne’s reports on Wytec’s financial statements for the years ended December 31, 2024 and 2023 contained no adverse opinions, disclaimers, or qualifications. The company reports no disagreements with Horne on accounting, disclosure, or audit scope through October 31, 2025. Wytec did not consult BDO on accounting matters before engagement. A letter from Horne is filed as Exhibit 16.1.