secwatch.observer — SEC 8-K summary
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Issuer:     IIOT-OXYS, Inc. (ITOX)
CIK:        0001290658
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001683168-24-001036
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290658/000168316824001036/0001683168-24-001036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290658/000168316824001036/iiot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001036

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