other material
confidence high
sentiment positive
materiality 0.85
IQSTEL enters cybersecurity via stock swap with Cycurion, becomes debt-free, plans $500K dividend
iQSTEL Inc
- IQSTEL enters cybersecurity via stock swap with Cycurion; issues 151,058 shares, receives 3,866,976 Cycurion shares (each $1M).
- IQSTEL eliminates all convertible notes and warrants, becomes debt-free; reports $17.41 assets per share.
- Plans $500,000 dividend in shares by Dec 31, 2025 as part of Cycurion partnership.
- July 2025 revenue $35M, surpassing $400M annual run rate; targets $15M EBITDA run rate in 2025 and $1B revenue run rate by 2027.
- CEO Leandro Iglesias highlights strengthening balance sheet and expansion into AI-enhanced cybersecurity.