iQSTEL noteholder converts $1.2M of convertible notes into 286,640 shares at $4.20/share

iQSTEL Inc

On June 4 and 6, 2025, noteholder converted $1,111,111.12 principal + $90,277.78 interest into 286,640 common shares.
Conversion price $4.20 per share reflects adjustment after 1-for-80 reverse split on May 2, 2025.
Remaining convertible principal is $2,690,058 plus accrued interest $189,093, subject to 9.99% beneficial ownership cap.
Shares issued under Section 3(a)(9) exemption from registration.

item 3.02

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