other material
confidence high
sentiment positive
materiality 0.75
IQSTEL executes 80:1 reverse stock split, plans Nasdaq uplist
iQSTEL Inc
- IQSTEL executed an 80:1 reverse stock split to meet Nasdaq minimum share price requirement.
- Company plans direct listing on Nasdaq Capital Market without raising capital, avoiding dilution.
- 2024 revenue of $283M (96% YoY growth); market cap is about 10% of revenue per company.
- Investor instruments extended to Q1 2026, providing stability.
- Company cites enhanced credibility, institutional access, and M&A acceleration as expected benefits.