IIOT-OXYS amends Series C Preferred terms: 12% cumulative dividend, payable quarterly

IIOT-OXYS, Inc.

Amendment filed Feb 12, 2024 to Certificate of Designation for Series C Convertible Preferred Stock.
Dividends set at 12% per annum cumulative, payable quarterly in cash or additional Series C shares.
Late fee of 18% per annum on unpaid dividends, accruing until paid.
Restrictions on repurchasing junior securities or paying dividends on common while Series C dividends remain unpaid.
Conversion rights cease upon conversion; converted shares no longer outstanding.

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.: Amended Sections 3 and 6(f) of the Certificate of Designation for Series C Convertible Preferred Stock to revise dividend provisions and conversion terms (effective 2024-02-12).

Change: charter amendment
Effective: 2024-02-12

Exact text from the filing

On February 12, 2024, IIOT-OXYS, Inc., a Nevada corporation (the “ Company ”), filed an amendment (the “ Amendment ”) to the Company’s 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 0001683168-24-001036

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