---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-24-000127"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:38:27.465748+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# iQSTEL agrees to acquire 51% of Lynk Telecom for $1.5M; adds $20M revenue, $1M net income

## Summary
- Purchase price $1.5M paid in 12 monthly installments of $125k; closing expected by July 1, 2024.
- Lynk Telecom estimated at $20M annual revenue and $1M net income; provides telephony, SMS, connectivity in US.
- iQSTEL may lend up to $1.5M for retail expansion after Phase I goals; CEO Omar Luna to remain.
- Acquisition includes potential earn-out if projections exceeded; Lynk Holding to use proceeds to pay Voyce Telecom debt.

## SEC filing metadata
- accession: 0001663577-24-000127
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357724000127/0001663577-24-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357724000127/iqst8k051024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-24-000127
- JSON: https://secwatch.observer/filing/0001663577-24-000127.json
- Plain text: https://secwatch.observer/filing/0001663577-24-000127.txt

## Key facts
- Material Agreements
  iQSTEL Inc entered into Purchase Agreement with Omar Luna and Lynk Holding LLC valued at $1,500,000 (effective 2024-05-10).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Omar Luna and Lynk Holding LLC
  - Value: $1,500,000
  - Effective: 2024-05-10
  source text: On May 10, 2024, we entered into a Purchase Company Agreement (“Purchase Agreement”) with Omar Luna and Lynk Holding LLC (together, the “Seller”) concerning the sale by Seller and the purchase by us of 51% of the membership interests the Seller holds in Lynk Telecom, LLC, a Virginia limited liability company (the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527702/000166357724000127/0001663577-24-000127-index.htm

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