Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
iQSTEL Inc incurred convertible notes of up to the principal amount of US $3,888,888.89 with M2B Funding Corp. at 18% per annum maturing one-year.
- Instrument
- convertible notes
- Principal
- up to the principal amount of US $3,888,888.89
- Counterparty
- M2B Funding Corp.
- Rate
- 18% per annum
- Maturity
- one-year
- Event
- incurrence
Exact text from the filing
On January 24, 2024, we entered into a securities purchase agreement (the “SPA”) with M2B Funding Corp., a Florida corporation, for it to purchase up to the principal amount of US $3,888,888.89 in secured convertible promissory notes (the “Notes”) for an aggregate purchase price of US $3,500,000.00 (the “Purchase Price”), which Notes are convertible into shares (“Conversion Shares”) of our common stock with an initial conversion price of $0.11 per share.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
iQSTEL Inc entered into Share Purchase Agreement with Yukon River Holdings, Ltd. valued at US $5,000,000 (effective 2024-01-19).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Yukon River Holdings, Ltd.
- Value
- US $5,000,000
- Effective
- 2024-01-19
Exact text from the filing
On January 19, 2024, we entered into a Share Purchase Agreement (“Purchase Agreement”) with Yukon River Holdings, Ltd. (“Yukon River”), a corporation formed under the laws of the British Virgin Islands (“Seller”) concerning the contemplated sale by Seller and the purchase by us of 51% of the ordinary shares Seller holds in QXTEL LIMITED
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
iQSTEL Inc entered into Securities Purchase Agreement with M2B Funding Corp. valued at US $3,500,000.00 (effective 2024-01-24).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- M2B Funding Corp.
- Value
- US $3,500,000.00
- Effective
- 2024-01-24
Exact text from the filing
On January 24, 2024, we entered into a securities purchase agreement (the “SPA”) with M2B Funding Corp., a Florida corporation, for it to purchase up to the principal amount of US $3,888,888.89 in secured convertible promissory notes (the “Notes”) for an aggregate purchase price of US $3,500,000.00
View on SEC.gov