IIOT-OXYS Inc (ITOX) has released an update to notify the public and investors about corporate charter and bylaws modifications.
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On January 18, 2024, IIOT-OXYS, Inc. filed an amendment creating a new Series C Convertible Preferred Stock with a par value of $0.001 per share and authorizing up to 5,000 shares. This stock ranks senior to Junior Securities, on parity with certain future Preferred Stocks, but junior to Series B Preferred Stock and any future senior stocks. It does not accrue dividends and has a liquidation preference. Holders can convert their shares to common stock at a rate based on the volume-weighted average price and possess voting rights equivalent to common stockholders, subject to ownership limitations.
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