secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2026-09-28T20:02:21+00:00
Accession:  0001663577-26-000309
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357726000309/0001663577-26-000309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357726000309/iqst8k092826.htm
  HTML page:      https://secwatch.observer/filing/0001663577-26-000309

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