secwatch.observer — SEC 8-K summary
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Issuer:     IIOT-OXYS, Inc. (ITOX)
CIK:        0001290658
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001683168-23-005165
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

IIOT-OXYS amends convertible notes: maturity extended to Mar 2024, conversion capped at $50k/quarter
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- Maturity extended to March 1, 2024, with automatic one-year extensions unless holder opts out.
- Conversion limited to $50k per quarter; up to $100k if daily trading amount >= $25k over prior 30 days.
- Conversion price changed to volume-weighted average price (VWAP) over previous 10 trading days.
- Default triggers for missed interest payments and share price below $0.008 eliminated; all prior defaults waived.
- Issuance of $20k incentive shares now, $50k more upon full conversion; registration required within 45 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290658/000168316823005165/0001683168-23-005165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290658/000168316823005165/iiot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-005165

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer