Wytec International Inc., a Nevada-based corporation, has announced that it has entered into amendments with 11 of its noteholders to extend the maturity date of certain outstanding convertible promissory notes. The amendments, effective as of January 1, 2026, will extend the maturity date of $490,000 of secured convertible promissory notes and $50,000 of unsecured convertible promissory notes from December 31, 2025, to December 31, 2026. This move is aimed at providing the company with additional time to manage its financial obligations and avoid defaults. In exchange for this extension, Wytec has agreed to adjust the exercise price of the warrants associated with these notes from a minimum of $5.00 to $1.50, with further adjustments based on the trading price of its common stock once it begins trading on a higher market. This strategic decision is expected to have a small positive effect on the company's stock price as it alleviates immediate financial pressures and provides a clearer path for future financing and operational stability.

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