secwatch.observer — SEC 8-K summary
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Issuer:     IIOT-OXYS, Inc. (ITOX)
CIK:        0001290658
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001683168-26-001719
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

IIOT-OXYS sells up to $88k Series D convertible preferred to director-controlled investor
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- Initial closing: 47 shares issued for $43k cash + 4 incentive shares; additional closing up to 50 shares for $45k at GHS's option after 10-K filing.
- Preferred stock convertible into common; company reserved 150M shares (2x coverage) for conversion.
- Events of default trigger redemption at 135% of stated value; includes failure to file 10-K on time (30-day grace).
- Finder's fee of $1,760 (2% of gross proceeds) paid to J.H. Darbie & Co. for initial closing.
- Investment from GHS Investments owned by three of four directors (Hajee, Grober, Schissler), a related-party transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290658/000168316826001719/0001683168-26-001719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290658/000168316826001719/iiot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-001719

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