secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001663577-24-000273
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iQSTEL signs MOU to acquire remaining 49% of SwissLink Carrier for $750K in shares over 5 years
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- MOU to exchange 49% SwissLink ownership for iQSTEL shares valued at $750K; tranches of 10% per year over 5 years.
- Share price per tranche: lowest 90-day closing price minus 20% discount; full $750K valuation counted for seller.
- SwissLink acknowledges 200,000 CHF debt to Ralf Koehler, repaid at 8,000 CHF/month.
- Impact Trading & Consulting to provide up to 60 hrs/month advisory services at 8,000 CHF/month for up to 2 years.
- Consolidation expected to save iQSTEL up to $2M annually; Juan Carlos Lopez Silva remains CEO of SwissLink and Etelix.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357724000273/0001663577-24-000273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357724000273/iqst8k110124.htm
  HTML page:      https://secwatch.observer/filing/0001663577-24-000273

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