IIOT-OXYS, Inc. 8-K

What Happened
IIOT-OXYS, Inc. (ITOX) filed an 8-K on May 27, 2026 announcing Extension No. 7 to a convertible promissory note originally issued to GHS Investments LLC on July 29, 2020. The extension (effective May 21, 2026) moves the note’s maturity date to October 31, 2026 and includes a waiver by GHS of all prior Events of Default known or unknown as of the extension date.

Key Details

• Original note principal: $75,000 (issued July 29, 2020).
• Prior extension (Extension No. 6) dated October 29, 2025 had set maturity to April 29, 2026.
• Extension No. 7 executed May 21, 2026 extends maturity to October 31, 2026.
• GHS waived all prior Events of Default as of the effective date of the Extension.
• Extension No. 7 is filed as Exhibit 10.1 to the Form 8-K.

Why It Matters
The company has pushed the repayment deadline for this convertible debt out roughly six months and secured a waiver of prior defaults, which avoids immediate default-related consequences. For investors, this reduces short-term repayment pressure tied to this $75,000 obligation but keeps the debt on the company’s balance sheet and preserves potential conversion rights tied to the note. Monitor future filings for any further amendments, repayments, conversions, or additional financing that could affect dilution or liquidity.