secwatch.observer — SEC 8-K summary
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Issuer:     IIOT-OXYS, Inc. (ITOX)
CIK:        0001290658
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001683168-24-001588
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290658/000168316824001588/0001683168-24-001588-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290658/000168316824001588/iiot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001588

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