{"schema_version":"secwatch.filing_event.v1","accession":"0001663577-26-000183","form_type":"8-K","ticker":"IQST","cik":"0001527702","company_name":"iQSTEL Inc","filed_at":"2026-06-04T22:15:41+00:00","discovered_at":"2026-06-05T10:05:00.215373+00:00","generated_at":"2026-06-05T10:10:11.493426+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"iQSTEL signs binding MOU to acquire 51% of Ultranet Telecom for $17.6M, adds ~$130M revenue","bullets":["Consideration: $17.6M ($7M cash, up to $10.6M contingent on net income targets of $4.5M Y1 and $9.5M cumulative).","Ultranet expected to add ~$130M annual revenue and ~$4.5M net profit, pushing IQSTEL above $500M revenue run rate.","60% of consideration performance-based; definitive agreement within 60 days; close targeted Q3 2026.","Ultranet operates across 6 African countries with exclusive SMS gateway agreements with leading mobile operators.","Ultranet's CEO Raymond Oppong-Dapaah to continue leading operations; IQSTEL obtains majority board control."],"urls":{"canonical":"https://secwatch.observer/filing/0001663577-26-000183","json":"https://secwatch.observer/filing/0001663577-26-000183.json","markdown":"https://secwatch.observer/filing/0001663577-26-000183.md","text":"https://secwatch.observer/filing/0001663577-26-000183.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1527702/000166357726000183/0001663577-26-000183-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1527702/000166357726000183/iqst8k060426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T10:10:11.493426+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"56f71d8b76aa264220824c6cdebf2e5e91f3a2aa","claim":"iQSTEL Inc entered into Binding Memorandum of Understanding with Ultranet Telecom Group and its shareholders, Raymond Oppong-Dapaah and Mohsin Ali valued at US$17,600,000 (effective 2026-06-03).","evidence_excerpt":"On June 3, 2026, iQSTEL Inc. (the “Company”) entered into a Binding Memorandum of Understanding (the “MOU”) with Ultranet Telecom Group and its shareholders, Raymond Oppong-Dapaah and Mohsin Ali (collectively, the “Sellers”), pursuant to which the Company agreed to acquire a 51% controlling interest in the Ultranet Telecom Group (the “Ultranet Business”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1527702/000166357726000183/0001663577-26-000183-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Ultranet Telecom Group and its shareholders, Raymond Oppong-Dapaah and Mohsin Ali"},{"label":"Value","value":"US$17,600,000"},{"label":"Effective","value":"2026-06-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}