secwatch.observer — SEC 8-K summary
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Issuer:     IIOT-OXYS, Inc. (ITOX)
CIK:        0001290658
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001683168-24-001454
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

IIOT-OXYS exchanges debt for equity with CEO-affiliated lender; $68,825 forgiven
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- Board ratified Debt Exchange Agreement dated Feb 5, 2024 with Cambridge MedSpace LLC, owned by CEO Clifford L. Emmons.
- Company issued 57 shares of Series C Preferred Stock for forgiveness of $68,825 of debt ($55k principal plus accrued interest).
- Issuance exempt from registration under Section 3(a)(9) of Securities Act as an exchange.
- Related-party transaction: lender is owned by CEO Clifford L. Emmons.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290658/000168316824001454/0001683168-24-001454-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290658/000168316824001454/iiot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001454

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