IIOT-OXYS files Certificate of Designation for Series C Convertible Preferred Stock

IIOT-OXYS, Inc.

Authorized 5,000 shares of Series C Convertible Preferred Stock, $0.001 par value; ranks junior to Series B Preferred.
No dividends; liquidation preference equal to Stated Value as defined in the filed certificate.
Holders may convert into common stock at rate based on 10-day VWAP prior to conversion, subject to beneficial ownership limit.
Votes on an as-converted basis with common stock, subject to 4.99% beneficial ownership limitation.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

IIOT-OXYS, Inc.: Filed a Certificate of Designation authorizing up to 5,000 shares of Series C Convertible Preferred Stock, establishing rights, preferences and limitations (effective 2024-01-18).

Change: charter amendment
Effective: 2024-01-18

Exact text from the filing

On January 18, 2024, IIOT-OXYS, Inc., a Nevada corporation (the “ Company ”), filed an amendment to the Company’s Articles of Incorporation (the “ Articles of Incorporation ”), in the form of a Certificate of Designation (the “ Designation ”) that authorized for issuance of up to 5,000 shares of a new series of Preferred Stock, par value $0.001 per share, of the Company designated “Series C Convertible Preferred Stock” and established the rights, preferences and limitations thereof.

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IIOT-OXYS, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-000407

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