---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-24-000044"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:22:33.787212+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# iQSTEL issues option to ADI Funding for up to 10M shares at discount to VWAP

## Summary
- Issued Common Stock Purchase Option to ADI Funding LLC for $100,000; expires Dec 31, 2024.
- Option covers up to 10,000,000 shares; exercise price is 70% or 75% of 10-day VWAP based on price.
- ADI must exercise at least 2M shares by later of March 31, 2024 or effective resale registration.
- Additional mandatory exercises of 1M shares every 30 days on cash basis, subject to $0.11 floor.
- Beneficial ownership limit 4.99% (may increase to 9.99%); anti-dilution rights included.

## SEC filing metadata
- accession: 0001663577-24-000044
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357724000044/0001663577-24-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357724000044/iqst8k021224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-24-000044
- JSON: https://secwatch.observer/filing/0001663577-24-000044.json
- Plain text: https://secwatch.observer/filing/0001663577-24-000044.txt

## Key facts
- Material Agreements
  iQSTEL Inc entered into Common Stock Purchase Option with ADI Funding LLC valued at $100,000 (effective 2024-02-12).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: ADI Funding LLC
  - Value: $100,000
  - Effective: 2024-02-12
  source text: On February 12, 2024, we issued a Common Stock Purchase Option (the “Option”) to ADI Funding LLC (“ADI Funding”) for $100,000 that expires on December 31, 2024, for the right to acquire up to 10,000,000 shares of common stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527702/000166357724000044/0001663577-24-000044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.