secwatch.observer — SEC 8-K summary
======================================

Issuer:     IIOT-OXYS, Inc. (ITOX)
CIK:        0001290658
Form:       8-K
Filed at:   2025-03-21T23:59:59+00:00
Accession:  0001683168-25-001778
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290658/000168316825001778/0001683168-25-001778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290658/000168316825001778/iiot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-001778

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