---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-25-000298"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2025-10-10T23:59:59+00:00"
generated_at: "2026-05-17T04:04:20.400963+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# iQSTEL amends Series D Preferred with True-Up conversion adjustment

## Summary
- 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.

## SEC filing metadata
- accession: 0001663577-25-000298
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2025-10-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357725000298/0001663577-25-000298-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357725000298/iqst8k101025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-25-000298
- JSON: https://secwatch.observer/filing/0001663577-25-000298.json
- Plain text: https://secwatch.observer/filing/0001663577-25-000298.txt

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