secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2026-06-08T17:11:29+00:00
Accession:  0001663577-26-000185
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357726000185/0001663577-26-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357726000185/iqst8k060826.htm
  HTML page:      https://secwatch.observer/filing/0001663577-26-000185

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