---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-001588"
form_type: "8-K"
ticker: "ITOX"
cik: "0001290658"
company_name: "IIOT-OXYS, Inc."
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:35:44.454079+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# IIOT-OXYS defaults on $550K convertible notes; principal increased 20%

## Summary
- $500K (2018) and $50K (2019) notes matured March 1, 2024 without payment; cure period expired.
- Default triggers: principal increased 20%, warrant shares doubled (50% to 100%), holders can appoint board member.
- Company in negotiations with lenders to revise terms; expects new terms soon.

## SEC filing metadata
- accession: 0001683168-24-001588
- form_type: 8-K
- ticker: ITOX
- cik: 0001290658
- company_name: IIOT-OXYS, Inc.
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1290658/000168316824001588/0001683168-24-001588-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290658/000168316824001588/iiot_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-001588
- JSON: https://secwatch.observer/filing/0001683168-24-001588.json
- Plain text: https://secwatch.observer/filing/0001683168-24-001588.txt

## Key facts
- Debt Financings
  IIOT-OXYS, Inc. faced acceleration on convertible notes of $50,000 with YVSGRAMORAH LLC maturing March 1, 2024.
  - Instrument: convertible notes
  - Principal: $50,000
  - Counterparty: YVSGRAMORAH LLC
  - Maturity: March 1, 2024
  - Event: acceleration
  source text: amount of $500,000 to Sergey Gogin (the “ 2018 Note ”). In addition, on March 6, 2019, the Company issued a Senior Secured Convertible Promissory Note in the principal amount of $50,000 to YVSGRAMORAH LLC (the “ 2019 Note ” and, together, with the 2018 Note, each, a “Note” or, together, the “ Notes ”). The Company has entered into several amendments to each of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290658/000168316824001588/0001683168-24-001588-index.htm
- Debt Financings
  IIOT-OXYS, Inc. faced acceleration on convertible notes of $500,000 with Sergey Gogin maturing March 1, 2024.
  - Instrument: convertible notes
  - Principal: $500,000
  - Counterparty: Sergey Gogin
  - Maturity: March 1, 2024
  - Event: acceleration
  source text: Sheet Arrangement. On January 22, 2018, IIOT-OXYS, Inc., a Nevada corporation (the “ Company ”), issued a Senior Secured Convertible Promissory Note in the principal amount of $500,000 to Sergey Gogin (the “ 2018 Note ”). In addition, on March 6, 2019, the Company issued a Senior Secured Convertible Promissory Note in the principal amount of $50,000 to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290658/000168316824001588/0001683168-24-001588-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.