---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-25-000175"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2025-05-30T23:59:59+00:00"
generated_at: "2026-05-20T04:20:06.149566+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001663577-25-000175
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2025-05-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357725000175/0001663577-25-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357725000175/iqst8k052925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-25-000175
- JSON: https://secwatch.observer/filing/0001663577-25-000175.json
- Plain text: https://secwatch.observer/filing/0001663577-25-000175.txt

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