other material
confidence high
sentiment negative
materiality 0.60
iQSTEL issues option to ADI Funding to buy up to 15M shares at 70% of VWAP for $100K
iQSTEL Inc
- Issued Common Stock Purchase Option to ADI Funding LLC for $100,000, expiring July 14, 2025.
- Option allows purchase of up to 15,000,000 shares at 70% of VWAP (floor $0.11 per share).
- ADI Funding obligated to exercise at least 2M shares within 15 days of effective registration statement.
- Beneficial ownership limitation of 4.99% (may be increased to 9.99%).
- Proceeds used for general working capital.