IIOT-OXYS, Inc. (ITOX) expands Series D preferred deal with GHS to 259 shares
Rhea-AI Filing Summary
IIOT-OXYS, Inc. reported that on December 1, 2025 it amended its existing Securities Purchase Agreement with GHS Investments LLC for up to $210,000 of financing. Through Amendment No. 2, the company increased the maximum number of shares of its Series D Convertible Preferred Stock that may be issued to up to 259 shares and added a fifth additional closing. This new closing allows the sale of up to 34 shares of Series D Preferred Stock for a purchase price of up to $34,000, providing an additional small tranche of preferred equity capital under the agreement.
Positive
- None.
Negative
- None.
8-K Event Classification
FAQ
What did IIOT-OXYS, Inc. (ITOX) announce in this 8-K?
IIOT-OXYS, Inc. announced Amendment No. 2 to its Securities Purchase Agreement with GHS Investments LLC, adjusting the terms of its Series D Convertible Preferred Stock financing and adding an additional potential closing.
How large is the GHS financing agreement for IIOT-OXYS, Inc. (ITOX)?
The Securities Purchase Agreement between IIOT-OXYS, Inc. and GHS Investments LLC is in the amount of up to $210,000, structured through issuances of Series D Convertible Preferred Stock.
What change was made to the Series D Convertible Preferred Stock for ITOX?
Amendment No. 2 increased the aggregate number of shares of Series D Convertible Preferred Stock that may be issued to up to 259 shares under the existing Securities Purchase Agreement.
What is the new fifth closing added to the IIOT-OXYS (ITOX) financing?
The amendment added a fifth additional closing that allows IIOT-OXYS, Inc. to issue up to 34 shares of Series D Convertible Preferred Stock for a purchase price of up to $34,000.
Who is the investor in the IIOT-OXYS, Inc. (ITOX) preferred stock financing?
The investor is GHS Investments LLC, which entered into the Securities Purchase Agreement and its Amendment No. 2 with IIOT-OXYS, Inc. for the Series D Convertible Preferred Stock financing.
When was the IIOT-OXYS (ITOX) amendment with GHS Investments signed?
The company states that on December 1, 2025, IIOT-OXYS, Inc. and GHS Investments LLC entered into Amendment No. 2 to the Securities Purchase Agreement.