iQSTEL signs MOU to acquire 51% stake in GlobeTopper for $700K; GT revenue $39.4M in FY2024

iQSTEL Inc

Consideration: $200K cash (staggered through Sep 2025) plus $500K in IQST shares at 20% discount to 5-day VWAP, subject to 6-month hold.
Additional $1.2M structured financing over 24 months in $50K monthly installments, contingent on quarterly financial targets.
GlobeTopper preliminary FY2024 revenue $39.4M and EBITDA $190K; targets $60M revenue and $450K EBITDA for FY2025.
iQSTEL reported FY2024 revenue of $283M, forecasts $340M in 2025, and aims for $1B revenue by 2027.
Craig Span to remain CEO; iQSTEL gets 2 of 3 board seats; definitive purchase agreement due by July 1, 2025.

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