IIOT-OXYS raises $60K in Series D convertible preferred financing with onerous terms

IIOT-OXYS, Inc.

Initial closing of 60 shares of Series D Convertible Preferred at $1,000/share for $60K gross proceeds; up to $210K aggregate.
Conversion price set at 80% of lowest closing price over prior 10 trading days, with automatic reset clauses.
12% cumulative annual dividend payable quarterly in cash or shares; redemption premiums of 115%-125% of stated value.
Finder J.H. Darbie & Co. receives 4% cash commission and 4% warrant coverage on gross proceeds.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

IIOT-OXYS, Inc.: Designated new Series D Convertible Preferred Stock, 210 shares, with specified rights and features (effective 2025-03-17).

Change: charter amendment
Effective: 2025-03-17

Exact text from the filing

the Company has designated a new class of Series D Convertible Preferred Stock consisting of 210 shares and having the rights and features described below.

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IIOT-OXYS, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-001778

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