Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
iQSTEL Inc: Amended and Restated Certificate of Designation for Series B Preferred Stock to revise conversion provisions: permit conversion at any time upon five days' notice (previously only at end of 12-month term), reduce notice period from 60 to 5 days, and pay proportional accrued dividends upon conversion (effective 2026-06-17).
- Change
- charter amendment
- Effective
- 2026-06-17
Exact text from the filing
The Board of Directors of iQSTEL Inc. (the “Company”) approved, by unanimous written consent, an Amended and Restated Certificate of Designation for the Company’s Series B Preferred Stock (the “Amended COD”). The Amended COD amends the Company’s prior Certificate of Designation of Series B Preferred Stock to revise the conversion provisions as follows: Permit holders of Series B Preferred Stock to convert their shares into shares of the Company’s common stock at any time upon five (5) days’ written notice to the Company (previously, conversion rights were exercisable only in connection with the end of a 12-month term following issuance); Reduce the required written notice period for conversion from sixty (60) days to five (5) days; and Provide that, upon conversion, the Company shall pay the converting holder the proportional accrued and unpaid dividends earned on the converted shares up to but not including the actual conversion date.
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