secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2025-10-10T23:59:59+00:00
Accession:  0001663577-25-000298
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357725000298/0001663577-25-000298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357725000298/iqst8k101025.htm
  HTML page:      https://secwatch.observer/filing/0001663577-25-000298

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