IIOT-OXYS Amends Charter Docs, Fiscal Year on Jan 18
Ticker: ITOX · Form: 8-K · Filed: Jan 24, 2024 · CIK: 1290658
| Field | Detail |
|---|---|
| Company | Iiot-Oxys, INC. (ITOX) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, amendment, fiscal-year-change, 8-K
TL;DR
**IIOT-OXYS just changed its corporate rules and fiscal year, watch for potential strategic shifts.**
AI Summary
IIOT-OXYS, Inc. filed an 8-K on January 24, 2024, reporting an event from January 18, 2024, related to amendments to its Articles of Incorporation or Bylaws and changes in its fiscal year. The filing indicates that the company, formerly known as Gotham Capital Holdings, Inc. and Creative Beauty Supply of New Jersey CORP, is based in Cambridge, MA, and operates in prepackaged software. This matters to investors because changes to foundational corporate documents can impact shareholder rights, corporate governance, or future financial reporting, potentially signaling strategic shifts or operational adjustments.
Why It Matters
Changes to a company's foundational documents or fiscal year can signal strategic shifts, impact financial reporting transparency, or alter shareholder rights, directly affecting an investor's understanding of the company's operations and future outlook.
Risk Assessment
Risk Level: medium — Changes to Articles of Incorporation or Bylaws can significantly alter corporate governance or shareholder rights, introducing uncertainty about future company direction.
Analyst Insight
A smart investor would monitor for subsequent filings or company announcements that detail the specific amendments to the Articles of Incorporation/Bylaws and the exact nature of the fiscal year change, as these could impact governance, shareholder rights, or financial reporting schedules. Understanding these specifics is crucial before making any investment decisions.
Key Numbers
- 2024-01-18 — Date of earliest event reported (Indicates when the corporate changes occurred.)
- 2024-01-24 — Date filed (Indicates when the 8-K was submitted to the SEC.)
- 000-50773 — Commission File Number (Unique identifier for SEC filings.)
- 401-307-3092 — Registrant's telephone number (Contact information for the company.)
Key Players & Entities
- IIOT-OXYS, Inc. (company) — registrant
- Gotham Capital Holdings, Inc. (company) — former company name
- Creative Beauty Supply of New Jersey CORP (company) — former company name
- 06 Technology (company) — organization name
- Nevada (company) — state of incorporation
- Cambridge, MA (company) — business address location
Forward-Looking Statements
- IIOT-OXYS, Inc. will provide more details on the amendments to its Articles of Incorporation or Bylaws in a future filing or press release. (IIOT-OXYS, Inc.) — medium confidence, target: Q1 2024
- The change in fiscal year will align IIOT-OXYS, Inc.'s financial reporting with industry standards or strategic operational cycles. (IIOT-OXYS, Inc.) — low confidence, target: Q2 2024
FAQ
What specific changes were made to IIOT-OXYS, Inc.'s Articles of Incorporation or Bylaws on January 18, 2024?
The filing indicates 'Amendments to Articles of Incorporation or Bylaws' as an Item Information, but does not provide specific details about the nature or content of these amendments. Further investigation into subsequent filings or company disclosures would be needed to understand the exact changes.
What was the previous fiscal year end for IIOT-OXYS, Inc. before the reported change on January 18, 2024?
The filing states 'Change in Fiscal Year' as an Item Information and lists 'FISCAL YEAR END: 1231' in the company data. However, it does not explicitly state what the previous fiscal year end was, only that a change occurred. The listed 1231 (December 31) might be the new or current fiscal year end, but the prior one is not specified within this document.
What is the primary business of IIOT-OXYS, Inc. according to this filing?
According to the filing, IIOT-OXYS, Inc.'s Standard Industrial Classification (SIC) is 'SERVICES-PREPACKAGED SOFTWARE [7372]', indicating its primary business is in prepackaged software services.
When did IIOT-OXYS, Inc. last change its name before this filing?
The filing indicates that IIOT-OXYS, Inc. was formerly known as Gotham Capital Holdings, Inc., with a date of name change on '20150805' (August 5, 2015). Prior to that, it was Creative Beauty Supply of New Jersey CORP, with a name change on '20040517' (May 17, 2004).
Is IIOT-OXYS, Inc. considered an emerging growth company?
The filing includes a checkbox section for 'emerging growth company' status, and the box is not checked, indicating that IIOT-OXYS, Inc. does not consider itself an emerging growth company as defined by the Securities Exchange Act of 1934.
Filing Stats: 1,095 words · 4 min read · ~4 pages · Grade level 14 · Accepted 2024-01-24 10:24:34
Key Financial Figures
- $0.001 — ew series of Preferred Stock, par value $0.001 per share, of the Company designated "S
Filing Documents
- iiot_8k.htm (8-K) — 32KB
- iiot_ex0301.htm (EX-3.1) — 31KB
- image_001.jpg (GRAPHIC) — 200KB
- 0001683168-24-000407.txt ( ) — 511KB
- itox-20240118.xsd (EX-101.SCH) — 3KB
- itox-20240118_lab.xml (EX-101.LAB) — 33KB
- itox-20240118_pre.xml (EX-101.PRE) — 22KB
- iiot_8k_htm.xml (XML) — 3KB
03
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On January 18, 2024, IIOT-OXYS, Inc., a Nevada corporation (the " Company "), filed an amendment to the Company's Articles of Incorporation (the " Articles of Incorporation "), in the form of a Certificate of Designation (the " Designation ") that authorized for issuance of up to 5,000 shares of a new series of Preferred Stock, par value $0.001 per share, of the Company designated "Series C Convertible Preferred Stock" and established the rights, preferences and limitations thereof. The Board authorized the Series C Convertible Preferred Stock pursuant to the authority given to the Board under the Articles of Incorporation, which authorizes the issuance of up to 10,000,000 shares of Preferred Stock, par value $0.001 per share, and authorizes the Board, by resolution, to establish any or all of the unissued shares of Preferred Stock, not then allocated to any series into one or more series and to fix and determine the designation of each such shares, the number of shares which shall constitute such series and certain preferences, limitations and relative rights of the shares of each series so established. Ranking The Series C Convertible Preferred Stock shall rank, as to dividends and upon Liquidation (as defined in Section 4(a) hereof), (a) senior and prior to Junior Securities issued by the Company; (b) pari passu and on parity with any other class or series of Preferred Stock hereafter created specifically ranking, by its terms, on parity with the Series C Convertible Preferred Stock; (c) junior to the Series B Preferred Stock; and (d) junior to any class or series of capital stock of the Company hereafter created specifically ranking, by its terms, senior to the Series C Convertible Preferred Stock. All equity securities of the Company to which the Series C Convertible Preferred Stock ranks prior upon liquidation, including, without limitation, the Company's common stock, ar
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 3.1 Certificate of Designation filed with the Nevada Secretary of State on January 18, 2024 104 Cover Page Interactive Data File (formatted in Inline XBRL) 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IIOT-OXYS, Inc. Date: January 24, 2024 By: /s/ Clifford L. Emmons Clifford L. Emmons, Chief Executive Officer 4