iQSTEL reduces $6.9M debt, exchanges $3.5M for Series D Preferred; interest savings $0.92M

iQSTEL Inc

Exchanged $3,546,136 in outstanding debt for 37,110 shares of Series D Preferred Stock.
Series D carries 12% cumulative dividend; convertible into common after 3 months at 12.5 common per share.
Company to file resale registration statement for underlying common stock within 45 days.
Total debt reduction of $6.9M via combined conversions; annual interest savings of $0.92M.
CEO states debt reduced by ~$2 per share, improving net stockholders' equity from $11.34M (Q1 2025).

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