IIOT-OXYS Expands GHS Financing with $37K Fourth Closing

summarizeSummary

IIOT-OXYS expanded its Series D Preferred financing with GHS Investments, adding a $37,000 Fourth Additional Closing and increasing total authorized preferred shares to 207.

check_boxKey Events · Financing and Capital Events · ITOX

• Fourth Additional Closing Added

  Amendment No. 2 to the Securities Purchase Agreement adds a Fourth Additional Closing for 37 Series D Convertible Preferred shares at $1,000 per share ($37,000), plus 3 equity incentive shares.

• Financing Completed

  On August 7, 2026, the company issued 40 shares of Series D Convertible Preferred Stock to GHS Investments, consisting of 37 purchased shares and 3 equity incentive shares.

• Aggregate Authorization Increased

  The amendment increases the aggregate authorized Series D Convertible Preferred Stock under the SPA to 207 shares, with total potential cash funding now $189,000.

• Use of Proceeds

  Proceeds are intended to fund preparation of the company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and related operating expenses.

auto_awesomeAnalysis · ITOX · Technology

IIOT-OXYS amended its Securities Purchase Agreement with GHS Investments to add a Fourth Additional Closing, raising $37,000 through the sale of 37 Series D Convertible Preferred shares at $1,000 each, plus 3 equity incentive shares. The amendment increases the aggregate authorized Series D Preferred Stock to 207 shares and brings total potential cash funding under the SPA to $189,000. The company completed the Fourth Additional Closing on August 7, 2026, issuing 40 shares to GHS. This financing provides near-term operating capital for a company with zero revenue, a $393,673 quarterly net loss, and only $6,838 in cash as of the last 10-Q, but it also adds to the toxic preferred stock overhang that has been mounting.