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.

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