other material
confidence high
sentiment neutral
materiality 0.25
IIOT-OXYS enters finder fee deal with J.H. Darbie & Co. for capital raising
IIOT-OXYS, Inc.
- Finder receives 4% (2% for GHS) of equity/convertible debt proceeds and 3% (2% for GHS) of non-convertible debt proceeds.
- Non-callable warrants equal 4% (0% for GHS) warrant coverage with exercise price at 120% of introduced party's price or closing price.
- Agreement term is 120 days; finder may terminate anytime, company only for uncured breach.
- Agreement dated August 17, 2023, and covers any transaction within three business days of closing.