other material
confidence high
sentiment negative
materiality 0.65
iQSTEL amends Series D Preferred with True-Up conversion adjustment
iQSTEL Inc
- True-Up Adjustment: conversion rate may increase based on lowest 5-day VWAP with 20% discount, floor $1.00, max 2.5x base shares.
- Base conversion: 12.5 common shares per preferred share after 3 months from issuance.
- 12% cumulative dividend payable when declared; optional redemption at 105% of issue price.
- Leak-out restriction: post-conversion sales limited to 10% of average daily volume per holder.
- Series D senior to common, Series A, and Series C; on parity with Series B in liquidation.