---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-26-000185"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2026-06-08T17:11:29+00:00"
generated_at: "2026-06-08T17:12:32.036917+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# IQSTEL authorizes up to 1M share buyback; signs MOU for 51% of Ultranet, expected to add $4.5M net income

## Summary
- Board authorizes repurchase of up to 1,000,000 shares, funded by QXTEL dividends; no expiration date.
- CEO says current valuation is disconnected from company's worth; no convertible notes or warrants outstanding.
- Signed binding MOU to acquire 51% of Ultranet Telecom Group; expected to increase net income ~4X based on FY2025 audit.
- Ultranet acquisition projected to contribute approximately $4.5 million in annual net income.
- Repurchases may occur via open market, private transactions, or Rule 10b5-1 plans.

## SEC filing metadata
- accession: 0001663577-26-000185
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2026-06-08T17:11:29+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357726000185/0001663577-26-000185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357726000185/iqst8k060826.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-26-000185
- JSON: https://secwatch.observer/filing/0001663577-26-000185.json
- Plain text: https://secwatch.observer/filing/0001663577-26-000185.txt

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