Wytec International (WYTC) entered a securities purchase agreement with 1800 Diagonal Lending and closed the sale of a promissory note with principal of $94,300 for proceeds of $82,000. A one-time 12% interest charge of $11,316 was applied at issuance. The note matures on August 15, 2026 with scheduled payments of $52,808 on April 15, 2026 and $13,202 on each of May 15, 2026, June 15, 2026, July 15, 2026, and August 15, 2026.
Wytec may prepay at any time with no penalty and a 2%–5% discount if prepaid within 180 days of issuance. If a default occurs, the outstanding amount increases by 150% and interest accrues at 22% per annum. Upon default, 1800 Diagonal may convert amounts into common stock at 65% of the lowest trading price over the prior ten trading days, subject to a 4.99% beneficial ownership cap.
William H. Gray, who is listed as CEO and a Director, reported a purchase of 100 common shares of Wytec International Inc. (WYTC) on 10/08/2025 at a price of $1.39 per share. After the transaction, Mr. Gray is reported to beneficially own 3,222,597 shares. The Form 4 is signed and dated 10/10/2025. No derivative transactions or additional explanatory details are disclosed.
Wytec International entered into a securities purchase agreement with Labrys Fund II, L.P., under which Wytec issued a promissory note with a principal amount of $180,550. The note carried an original issue discount of $23,550 and was purchased for $157,000, with a one-time 12% interest charge of $21,666 added at issuance.
The note matures on October 3, 2026, with scheduled amortization payments of $28,888 each month from April through September 2026 and the remaining balance due at maturity. If payments are missed or an event of default occurs, Labrys may convert amounts owed into common stock at 65% of the lowest trading price over the prior 20 trading days, subject to a 4.99% ownership cap.
Unpaid amounts accrue default interest at up to 22% per year. If Wytec raises more than $500,000 in specified cash proceeds before the note is repaid or converted, Labrys can require up to 25% of the excess to be used to repay the note. Wytec may prepay the note in full with a minimal discount and no penalty within 181 days of issuance.
William H. Gray, a director and CEO of Wytec International Inc. (WYTC), reported an open-market purchase of 100 common shares on 10/03/2025 at a price of $1.73 per share. After the transaction Mr. Gray beneficially owns 3,222,497 shares, held directly. The Form 4 was signed on 10/06/2025 and contains no derivative transactions or additional explanatory text.
William H. Gray, a director and CEO of Wytec International Inc. (WYTC), reported multiple open-market purchases of the company’s common stock between 05/02/2025 and 09/30/2025. The Form 4 shows a series of acquisitions at prices ranging from $1.11 to $5.00, with the reported beneficial ownership rising to 3,222,397 shares following the last transaction.
Wytec International Inc filed an amendment to a Form D reporting a Regulation D private offering under Rule 506(b). The company states a total offering target of $250,000, of which $121,650 has been sold and $128,350 remains available. The offering is for debt securities with a minimum outside investor commitment of $5,000. The issuer indicates the offering may continue for more than one year and reports one investor to date. No sales commissions or finders' fees are reported and no proceeds have been allocated to insiders, per the form.