WYTEC INTERNATIONAL INC 8-K

What Happened

• Wytec International, Inc. announced it entered into amendments with 11 noteholders (effective Jan 1, 2026; entered on or about March 5, 2026) to extend the maturity of outstanding convertible promissory notes and to waive any default. The amendments move the maturity date from December 31, 2025 to December 31, 2026 and adjust related warrant terms.

Key Details

• Total affected debt: $540,000 of convertible promissory notes — $490,000 of 9.5% secured convertible notes and $50,000 of unsecured convertible notes.
• Director involvement: $125,000 of the secured notes are held by Christopher Stuart, a Wytec director.
• Warrant changes: warrant expiration dates extended from Dec. 31, 2025 to Dec. 31, 2026; exercise price changed from the prior greater-of-$5.00-or-85%-of-10-day-average formula to $1.50.
• Nasdaq-triggered adjustment: if Wytec’s common stock begins trading on NASDAQ (or equivalent/higher market), then 10 days after trading starts the exercise price will be the greater of $1.50 or 85% of the 10-day moving average on the public market with the highest volume.

Why It Matters

• The amendments postpone near-term cash outflows by pushing debt maturities out one year and waive any existing defaults, reducing immediate liquidity pressure.
• Lowering the warrant exercise price to $1.50 increases potential equity dilution if warrants are exercised, but may improve noteholder willingness to extend credit.
• Investors should note the involvement of a director as a creditor and watch for future liquidity events, Nasdaq listing progress (which could alter warrant pricing), and any further financing or restructuring announcements.