other material
confidence high
sentiment neutral
materiality 0.60
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.