IIOT-OXYS adds director, swaps $216K debt for stock
Mitta's 2025 debt exchange involved $216,156 of principal and accrued unpaid interest for 180 Series E shares; he also agreed to cancel 12,000 Series A shares.
Sentiment and the balance of points
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Rhea-AI Filing Summary
IIOT-OXYS, Inc. (ITOX) appointed Vidhyadhar Mitta as a director effective September 21, 2026; he previously served as a director. The company stated there were no arrangements or understandings with other persons pursuant to which he was appointed. The Board has no committees, and Mitta was not named to a committee.
Separately, under a Debt Exchange Agreement entered into October 30, 2025, Mitta exchanged $216,156 of principal and accrued and unpaid interest owed under a 12% Secured Convertible Promissory Note for 180 shares of Series E Preferred Stock. He also agreed to cancel 12,000 shares of Series A Preferred Stock. The exchange closed November 5, 2025.
8-K Event Classification
Key Figures
Key Terms
Debt Exchange Agreement financial
accrued and unpaid interest financial
12% Secured Convertible Promissory Note financial
Item 404(a) of Regulation S-K regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who joined the IIOT-OXYS (ITOX) board, and when?
What arrangements were reported for Vidhyadhar Mitta's IIOT-OXYS appointment?
What did Vidhyadhar Mitta receive in the IIOT-OXYS debt exchange?
Was Vidhyadhar Mitta assigned to an IIOT-OXYS board committee?
AI-generated analysis. How Rhea-AI works. Not financial advice.