IIOT-OXYS, Inc. Reports Material Agreement and Equity Sales
Ticker: ITOX · Form: 8-K · Filed: Oct 9, 2024 · CIK: 1290658
| Field | Detail |
|---|---|
| Company | Iiot-Oxys, INC. (ITOX) |
| Form Type | 8-K |
| Filed Date | Oct 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1,200, $43,000, $1,000, $860 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, 8-k
TL;DR
IIOT-OXYS filed an 8-K for a material agreement and equity sales on Oct 3rd.
AI Summary
IIOT-OXYS, Inc. filed an 8-K on October 9, 2024, reporting on two key events that occurred on October 3, 2024. These events include entering into a material definitive agreement and unregistered sales of equity securities. The company is incorporated in Nevada and its principal executive offices are located in Cambridge, MA.
Why It Matters
This filing indicates significant corporate actions, including a new agreement and the issuance of new shares, which could impact the company's financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing involves unregistered sales of equity securities, which can sometimes indicate dilution or less transparent capital raising activities.
Key Numbers
- 000-50773 — SEC File Number (Identifies the company's filing history with the SEC.)
- 56-2415252 — IRS Employer Identification Number (Company's tax identification number.)
Key Players & Entities
- IIOT-OXYS, Inc. (company) — Registrant
- October 3, 2024 (date) — Date of earliest event reported
- October 9, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of Incorporation
- 705 Cambridge Street, Cambridge, MA 02141 (address) — Principal executive offices
FAQ
What type of material definitive agreement did IIOT-OXYS, Inc. enter into?
The filing does not specify the nature of the material definitive agreement, only that one was entered into on October 3, 2024.
What were the terms of the unregistered sales of equity securities?
The filing does not provide details on the terms, price, or number of shares sold in the unregistered equity sales that occurred on October 3, 2024.
When was IIOT-OXYS, Inc. incorporated?
The filing states that the company is incorporated in Nevada.
What is the primary business of IIOT-OXYS, Inc. according to its SIC code?
The company's Standard Industrial Classification (SIC) code is 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
Has IIOT-OXYS, Inc. operated under previous names?
Yes, the company was formerly known as Gotham Capital Holdings, Inc. (name change on 20150805) and Creative Beauty Supply of New Jersey CORP (name change on 20040517).
Filing Stats: 528 words · 2 min read · ~2 pages · Grade level 9.6 · Accepted 2024-10-09 14:18:39
Key Financial Figures
- $1,200 — tock as commitment shares, stated value $1,200 per share, for an aggregate purchase pr
- $43,000 — are, for an aggregate purchase price of $43,000, or $1,000 per share. The foregoing de
- $1,000 — aggregate purchase price of $43,000, or $1,000 per share. The foregoing description o
- $860 — k. Selling commissions in the amount of $860 were paid to J.H. Darbie & Co. 2 SI
Filing Documents
- iiot_8k.htm (8-K) — 26KB
- 0001683168-24-007015.txt ( ) — 189KB
- itox-20241003.xsd (EX-101.SCH) — 3KB
- itox-20241003_lab.xml (EX-101.LAB) — 33KB
- itox-20241003_pre.xml (EX-101.PRE) — 24KB
- iiot_8k_htm.xml (XML) — 3KB
01
Item 1.01 Entry Into A Material Definitive Agreement. Preferred Equity Financing with GHS Investments, LLC On October 3, 2024, IIOT-OXYS, Inc., a Nevada corporation (the " Company "), entered into a Securities Purchase Agreement (the " SPA ") with GHS Investments, LLC (" GHS ") for the purchase of an aggregate of 47 shares of Series B Convertible Preferred Stock (the " Preferred Stock "), with four shares of Preferred Stock as commitment shares, stated value $1,200 per share, for an aggregate purchase price of $43,000, or $1,000 per share. The foregoing description of the SPA is not complete and is qualified in its entirety by reference to the full text of the SPA.
02
Item 3.02 Unregistered Sales of Equity Securities. Under the SPA, the Company has issued 47 shares of Preferred Stock to GHS. This sale was exempt under Rule 506(b) under Regulation D. GHS is an "accredited investor" as defined in Rule 501 under the Securities Act. The Company did not engage in any general solicitation or advertising in connection with the issuance of the Preferred Stock. Selling commissions in the amount of $860 were paid to J.H. Darbie & Co. 2
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: October 9, 2024 By: /s/ Clifford L. Emmons Clifford L. Emmons, Chief Executive Officer 3