---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-26-000309"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2026-09-28T20:02:21+00:00"
generated_at: "2026-10-12T13:34:50.211350+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001663577-26-000309
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2026-09-28T20:02:21+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357726000309/0001663577-26-000309-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357726000309/iqst8k092826.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-26-000309
- JSON: https://secwatch.observer/filing/0001663577-26-000309.json
- Plain text: https://secwatch.observer/filing/0001663577-26-000309.txt

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