M&A
confidence high
sentiment positive
materiality 0.75
iQSTEL signs MOU to sell itsBChain stake for $1M; plans stock dividend to shareholders
iQSTEL Inc
- MOU to sell 75% of itsBChain (100% of iQSTEL's stake) to Accredited Solutions (ASII) for $1M total consideration.
- Consideration: $500K in ASII preferred shares + $500K in ASII common shares; iQSTEL retains 1% lifetime royalty on sales.
- iQSTEL plans to distribute ASII common shares as a dividend to its shareholders; part of Nasdaq uplisting strategy.
- Definitive purchase agreement expected by July 1, 2025; $250K penalty if ASII fails to close.
- iQSTEL acknowledges $65K remaining investment commitment to itsBChain, paid in $2,500 monthly installments.