IIOT-OXYS boosts Series D preferred share designation
IIOT-OXYS, Inc. amended the terms of its Series D Convertible Preferred Stock.
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Form Type
8-K
Rhea-AI Filing Summary
IIOT-OXYS, Inc. amended the terms of its Series D Convertible Preferred Stock. The company’s board and the sole holder approved an amendment to the Certificate of Designation that increases the number of designated Series D Preferred shares from 210 to up to 500.
Each Series D share continues to have a par value of $0.001 and a stated value of $1,200, with potential increases as described in the amended Certificate of Designation. Any further increase in the number of Series D shares requires the written consent of all holders of this preferred series.
8-K Event Classification
2 items: 5.03, 9.01
2 items
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Original Series D designation: 210 shares
Amended Series D designation: Up to 500 shares
Par value per Series D share: $0.001 per share
+3 more
6 metrics
Original Series D designation
210 shares
Number of Series D Convertible Preferred shares before amendment
Amended Series D designation
Up to 500 shares
Number of Series D Convertible Preferred shares after amendment
Par value per Series D share
$0.001 per share
Par value remains unchanged under amended designation
Stated value per Series D share
$1,200
Stated value for each Series D Convertible Preferred share
Original designation filing date
March 17, 2025
Filing date of original Series D Certificate of Designation
Amendment approval date
April 16, 2026
Date board and sole holder approved Amendment No. 1
Key Terms
Certificate of Designation, Series D Convertible Preferred Stock, par value, stated value, +1 more
5 terms
Certificate of Designation regulatory
"Amendment No. 1 to the Certificate of Designation of Preferences, Rights and Limitations"
A certificate of designation is a formal document that spells out the specific rights and rules attached to a particular class or series of stock, usually preferred shares. Think of it as a rulebook or menu that lists dividend terms, liquidation priority, conversion or redemption rights and any special voting protections; investors use it to judge how much income, control or downside protection those shares will provide compared with other securities.
Series D Convertible Preferred Stock financial
"the Series D Convertible Preferred Stock of the Company (the "Original Certificate of Designations")"
Series D convertible preferred stock is a class of shares issued in a later-stage funding round that gives holders priority over common shareholders for payouts and often a fixed dividend, while including an option to convert those shares into common stock. It matters to investors because it affects who gets paid first if a company is sold or liquidates and can change ownership stakes and voting power when converted, similar to holding a safer ticket that can be exchanged for regular tickets later.
par value financial
"Each share of Series D Preferred Stock continues to have a par value of $0.001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
stated value financial
"and a stated value of $1,200, subject to increase as set forth in Section 3"
Stated value is an accounting figure a company assigns to a share when the share has no par (legal) value; it becomes the portion of proceeds recorded as the company’s permanent capital for regulatory and bookkeeping purposes. It matters to investors because it affects the equity reported on the balance sheet and the legal limits on distributions or dividend payments, but it is not the market price — think of it as a record-keeping sticker price rather than what buyers actually pay.
Holder of the Series D Convertible Preferred Stock financial
"The sole Holder of the Series D Convertible Preferred Stock (the "Series D Preferred Stock") also approved the Amendment"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did IIOT-OXYS (ITOX) change about its Series D preferred stock?
IIOT-OXYS approved an amendment to its Series D Convertible Preferred Stock, increasing the number of designated Series D shares from 210 to up to 500. All other key features, including par value and stated value, remain as described in the amended Certificate of Designation.
Who approved the Series D preferred stock amendment at IIOT-OXYS (ITOX)?
The amendment was approved by the Board of Directors of IIOT-OXYS, Inc. and by the sole holder of the Series D Convertible Preferred Stock. Both approvals were as of April 16, 2026, aligning corporate and holder consent for the revised designation terms.
When was the original Series D Certificate of Designation for IIOT-OXYS (ITOX) filed?
The original Certificate of Designation for the Series D Convertible Preferred Stock was filed on March 17, 2025. The current amendment, approved on April 16, 2026, specifically revises Section 3 of that original designation document.
Where can investors find the full IIOT-OXYS (ITOX) Series D amendment text?
The full text of Amendment No. 1 to the Series D Convertible Preferred Certificate of Designation is filed as an exhibit to the current report. The filing states that the brief description is qualified entirely by reference to this attached amendment document.
AI-generated analysis. How Rhea-AI works. Not financial advice.
