secwatch / observer
8-K filed March 21, 2023, 7:59 PM ET ticker ITOX CIK 0001290658
debt confidence high sentiment negative materiality 0.75

IIOT-OXYS, Inc. (ITOX): debt financing — IIOT-OXYS defaults on $550K convertible notes; obligations accelerated

IIOT-OXYS, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

IIOT-OXYS, Inc. faced acceleration on convertible notes of $50,000 with YVSGRAMORAH LLC maturing March 1, 2023.

Instrument
convertible notes
Principal
$50,000
Counterparty
YVSGRAMORAH LLC
Maturity
March 1, 2023
Event
acceleration
Exact text from the filing
amount of $500,000 to Sergey Gogin (the “ 2018 Note ”). In addition, on March 6, 2019, the Company issued a Senior Secured Convertible Promissory Note in the principal amount of $50,000 to YVSGRAMORAH LLC (the “ 2019 Note ” and, together, with the 2018 Note, each, a “Note” or, together, the “ Notes ”). On March 14, 2022, the Company entered into amendments to
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

IIOT-OXYS, Inc. faced acceleration on convertible notes of $500,000 with Sergey Gogin maturing March 1, 2023.

Instrument
convertible notes
Principal
$500,000
Counterparty
Sergey Gogin
Maturity
March 1, 2023
Event
acceleration
Exact text from the filing
Sheet Arrangement. On January 22, 2018, IIOT-OXYS, Inc., a Nevada corporation (the “ Company ”), issued a Senior Secured Convertible Promissory Note in the principal amount of $500,000 to Sergey Gogin (the “ 2018 Note ”). In addition, on March 6, 2019, the Company issued a Senior Secured Convertible Promissory Note in the principal amount of $50,000 to
View on SEC.gov

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IIOT-OXYS, Inc. filing history →

Source: SEC EDGAR
accession 0001683168-23-001647
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