UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
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Item 1.01 | Entry into a Material Definitive Agreement. |
On March 7, 2024, the board of directors of IIOT-OXYS, Inc., a Nevada corporation (the “Company”), approved and ratified the Company entering into the Debt Exchange Agreement (the “Agreement”) dated February 5, 2024 with Cambridge MedSpace LLC, an entity of which the Company’s CEO, Clifford L. Emmons shares ownership (the “Lender”). Under the Agreement, the Company agreed to issue to the Lender 57 shares of Series C Preferred Stock in exchange for the forgiveness of $68,825 of principal ($55,000) and accrued and unpaid interest.
Item 3.02 | Unregistered Sales of Equity Securities. |
The disclosure set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
The sale of the shares of Series C Preferred Stock to the Lender was exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance on an exemption provided by Section 3(a)(9) of the Securities Act
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
IIOT-OXYS, Inc.
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Date: March 13, 2024 | By: | /s/ Clifford L. Emmons |
Clifford L. Emmons, Chief Executive Officer |
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