(Note: Wytec International withdrew its IPO plans in a letter to the SEC on July 11, 2024.)

(Note: This is an IPO – unit offering. IPOScoop has NO CALL on unit IPOs unless the deal is a SPAC, aka a blank check. Each unit consists of one share of common stock and two warrants, each to buy one share of common stock at an assumed IPO price of $4.25 per unit, according to the S-1/A filing dated May 4, 2022. The stock’s proposed symbol is “WYTC” – and the warrant’s proposed symbol is “WYTCW” – both on NASDAQ.)

We are a designer and developer of small cell technology and wide area networks to support 5G cell phone network coverage across the U.S. Founded in 2011, Wytec offers in-building and citywide 5G solutions using multiple 5G equipment vendors in combination with its patented LPN-16 small cell technology to complete its network designs. The company has a contract with the Laredo Independent School District in Laredo, Texas, to enhance cellular solutions at 42 buildings in the school district.

Note: For the 12 months ended Dec. 31, 2021, Wytec had revenue of $394,148 – or $0.39 million, as shown in the chart below, and a net loss of $3.64 million, according to the prospectus (S-1/A dated April 20, 2022).

**Note: As of Dec. 31, 2021, Wytec had an accumulated deficit of $25.72 million.

(Note: Wytec International increased the size of its unit IPO to 3.75 million units, up from 2.91 million units, and cut the price to $4.25, down from a price range of $4.15 to $6.15, according to an S-1/A filing dated May 4, 2022. Under the new terms filed May 4, 2022, the IPO’s estimated proceeds are $15.94 million. The IPO’s initial size was 3.88 million units at $4.15 to $6.15, according to an S-1/A dated Jan. 24, 2022. Wytec International updated its IPO prospectus in an S-1/A filing dated April 20, 2022, with updated financials for the year ended Dec. 31, 2021.)