secwatch.observer — SEC 8-K summary
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Issuer:     IIOT-OXYS, Inc. (ITOX)
CIK:        0001290658
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001683168-24-000407
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290658/000168316824000407/0001683168-24-000407-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290658/000168316824000407/iiot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-000407

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