iQSTEL implements 1-for-80 reverse stock split to pursue Nasdaq uplisting

iQSTEL Inc

Reverse split effective May 2, 2025; ratio 1-for-80.
Authorized shares reduced from 300M to 3.75M; outstanding from ~210.7M to ~2.63M.
Trading symbol changed to IQSTD temporarily; will revert to IQST after 20 days or Nasdaq listing.
Split intended to meet Nasdaq's $4.00 minimum bid price; uplisting not guaranteed.
No fractional shares cashed out; fractional shares rounded up to next whole number.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

iQSTEL Inc: Amended Articles of Incorporation via Certificate of Change to effect a 1-for-80 reverse stock split (effective 2025-05-02).

Change: charter amendment
Effective: 2025-05-02

Exact text from the filing

The Board of Directors of iQSTEL Inc., a Nevada corporation (the “Company”), has approved a reverse stock split of the Company’s authorized, issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), at a ratio of 1-for-80 (the “Reverse Stock Split”). The Reverse Stock Split was effective on May 2, 2025 (the “Market Effective Date”).

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iQSTEL Inc filing history →

Source: SEC EDGAR

accession 0001663577-25-000118

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