UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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SECTION 1. REGISTRANTS BUSINESS AND OPERATIONS
| Item 1.01. | Entry into a Material Definitive Agreement. |
On or about March 5, 2026, effective as of January 1, 2026, Wytec International, Inc., a Nevada corporation (“Wytec”), entered into amendments (the “Amendments”) with 11 of its noteholders. The Amendments (i) extend the maturity date of, and (ii) waive any default with respect to, $490,000 of outstanding 9.5% secured convertible promissory notes (including $125,000 in principal amount of such notes held by Christopher Stuart, a director of Wytec) and $50,000 of outstanding unsecured convertible promissory notes (collectively, the “Notes”), from December 31, 2025 to December 31, 2026.
In consideration for the maturity date extension, Wytec agreed to (a) extend the expiration date of the warrants issuable upon the optional conversion of the Notes from December 31, 2025 to December 31, 2026 and (b) adjust the exercise price per share of such warrants from the greater of $5.00 or 85% of the 10-day moving average of Wytec’s public trading price (if Wytec’s securities are trading on the NASDAQ Capital Market) to $1.50, provided, that 10 days after Wytec’s common stock commences trading on the NASDAQ Capital Market or equivalent or higher public securities trading market, the exercise price will be the greater of (i) $1.50 or (ii) 85% of the 10-day moving average of Wytec’s public trading price as quoted on the public securities trading market on which Wytec’s common stock is then traded with the highest volume.
Copies of the form of amendment to secured convertible promissory note and the form of amendment to convertible promissory note are attached to this Report as Exhibits 10.1 and 10.2, respectively.
SECTION 2. FINANCIAL INFORMATION
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth in Item 1.01 is incorporated herein by reference.
SECTION 3. SECURITIES AND TRADING MARKETS
| Item 3.03. | Material Modification to Rights of Security Holders. |
The information set forth in Item 1.01 is incorporated herein by reference.
SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| 10.1 | ||
| 10.2 | ||
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL Document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
WYTEC INTERNATIONAL, INC.
(Registrant)
| Date: April 2, 2026 | /s/ William H. Gray | |
| William H. Gray, Chief Executive Officer |
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