---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-25-000081"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2025-03-21T23:59:59+00:00"
generated_at: "2026-05-24T08:40:19.149251+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001663577-25-000081
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2025-03-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357725000081/0001663577-25-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357725000081/iqst8k032225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-25-000081
- JSON: https://secwatch.observer/filing/0001663577-25-000081.json
- Plain text: https://secwatch.observer/filing/0001663577-25-000081.txt

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