IIOT-OXYS Secures Up to $64,000 in Expanded Series D Financing Amid Going Concern Doubts
ITOX sits 50% above its 52-week low of $0.
Summary
IIOT-OXYS expanded its Series D Preferred Financing with GHS Investments, securing up to an additional $64,000. The company has already issued shares for $27,000 under this amendment. This follows an 8-K filed today detailing the $27,000 issuance. This financing provides critical, albeit small, working capital for the company, which recently disclosed substantial doubt about its ability to continue as a going concern and reported zero revenue in its latest 10-K.
At the time of this announcement, ITOX was trading at $0.00 on OTC in the Technology sector, with a market capitalization of approximately $351.8K. The 52-week trading range was $0.00 to $0.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.