iQSTEL settles $500,000 GlobeTopper obligation in cash; July net revenue $37.5M, $450M annualized run rate

iQSTEL Inc

First Amendment dated Sept 16, 2026 converts $500,000 of the GlobeTopper unit purchase price from restricted stock into cash: $80,000 within 5 business days, then $70,000 monthly for six months.
Note maturity extended to 45 days after the final installment; the obligation is secured by IQSTEL Operating Holdings' 510,000 Class A Units of GlobeTopper, or 51% of the company.
On an uncured default, seller Craig Span may foreclose or rescind: reconveyance of the 51% GlobeTopper stake within 10 business days, unpaid balance forgiven, and UPA earn-outs terminated.
July 2026 net revenue was $37.5M, an annualized $450M run rate, supporting the $430M full-year objective; the planned Ultranet acquisition is expected to add $4.5M in net income.
IQSTEL Digital microdrama model: 300,000 paid monthly subs at $4-$6 would yield $14.4M-$21.6M annual consumer billings and $1.8M-$3.6M annualized profit contribution; not guidance.

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