InvestmentJun 18, 2026, 12:42 PM
IIOT-OXYS Amends SPA, Authorizes 167 Series D Preferred Shares
AI Summary
IIOT-OXYS, Inc. amended its Securities Purchase Agreement with GHS Investments, LLC on June 12, 2026, to add a Second Additional Closing for up to 40 shares and a Third Additional Closing for up to 30 shares of Series D Convertible Preferred Stock. This amendment increases the aggregate authorized issuance of Series D Convertible Preferred Stock under the SPA to 167 shares. Subsequently, on June 16, 2026, the company issued 30 shares of Series D Convertible Preferred Stock to GHS, consisting of 27 shares purchased for $27,000 and 3 shares as an equity incentive.
Key Highlights
- IIOT-OXYS, Inc. entered into Amendment No. 1 to its Securities Purchase Agreement with GHS Investments, LLC on June 12, 2026.
- The amendment adds a Second Additional Closing for up to 37 shares ($37,000) plus 3 incentive shares of Series D Convertible Preferred Stock.
- It also adds a Third Additional Closing for up to 27 shares ($27,000) plus 3 incentive shares of Series D Convertible Preferred Stock.
- The total authorized Series D Convertible Preferred Stock under the amended SPA is now up to 167 shares.
- On June 16, 2026, the company issued 30 shares of Series D Convertible Preferred Stock to GHS.
- This issuance included 27 shares purchased for $27,000 and 3 shares as an equity incentive.
- The shares were offered and sold in reliance on the exemption from registration provided by Section 4(a)(2) and Rule 506(b).
Price Impact
More from ITOX