iQSTEL acquires 51% of GlobeTopper for $700k; GlobeTopper targets $65M revenue in 2025

iQSTEL Inc

Total consideration: $200k cash plus $500k in restricted IQST shares at 20% VWAP discount; earn-outs based on EBITDA growth.
iQSTEL to invest up to $1.2M over 24 months ($50k/month) contingent on quarterly targets.
Closing expected by July 1, 2025; seller Craig Span remains CEO of GlobeTopper for at least two years.
GlobeTopper planning >$65M profitable revenue in 2025; IQST aims for $400M revenue run rate by year-end.
Acquisition supports IQSTEL's $1B revenue goal by 2027, expanding fintech/telecom convergence.

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