iQSTEL issues 179,993 shares on conversion of $3.5M secured notes at $4.20/share

iQSTEL Inc

Noteholder converted principal and interest under two secured convertible promissory notes with aggregate purchase price of $3,500,000.
Conversion resulted in issuance of 179,993 shares of common stock at $4.20 per share, post 1-for-80 reverse stock split effected May 2, 2025.
Shares issued in reliance on Section 3(a)(9) exemption from registration.
Conversion occurred on June 2, 2025; shares issued same day.

item 3.02

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