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).
“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.”
Material Agreements
iQSTEL Inc entered into Binding Memorandum of Understanding with Ultranet Telecom Group and its shareholders, Raymond Oppong-Dapaah and Mohsin Ali valued at US$17,600,000 (effective 2026-06-03).
“On June 3, 2026, iQSTEL Inc. (the “Company”) entered into a Binding Memorandum of Understanding (the “MOU”) with Ultranet Telecom Group and its shareholders, Raymond Oppong-Dapaah and Mohsin Ali (collectively, the “Sellers”), pursuant to which the Company agreed to acquire a 51% controlling interest in the Ultranet Telecom Group (the “Ultranet Business”).”
Equity Issuances
iQSTEL Inc issued Commitment Shares valued at $1,000,000 of common stock to M2B Funding Corp. for commitment to purchase up to $50,000,000 of Common Stock.
“M2B Funding Corp. (the “Investor”). Pursuant to the Purchase Agreement, the Company may, from time to time during the Commitment Period, require the Investor to purchase up to $50,000,000 of the Company’s common stock, par value $0.0001 per share (“Common Stock”), at a per-share price equal to 94% of the lowest daily volume-weighted average price during the six”
Material Agreements
iQSTEL Inc entered into Registration Rights Agreement with M2B Funding Corp. (effective 2026-04-30).
“On April 30, 2026, IQSTEL, Inc. (the “Company”) entered into (i) an Equity Purchase Agreement (the “Purchase Agreement”) and (ii) a Registration Rights Agreement (the “Registration Rights Agreement”) with M2B Funding Corp. (the “Investor”).”
Material Agreements
iQSTEL Inc entered into Equity Purchase Agreement with M2B Funding Corp. valued at up to $50,000,000 (effective 2026-04-30).
“On April 30, 2026, IQSTEL, Inc. (the “Company”) entered into (i) an Equity Purchase Agreement (the “Purchase Agreement”) and (ii) a Registration Rights Agreement (the “Registration Rights Agreement”) with M2B Funding Corp. (the “Investor”). Pursuant to the Purchase Agreement, the Company may, from time to time during the Commitment Period, require the Investor to purchase up to $50,000,000 of the Company’s common stock”
Earnings Releases
iQSTEL Inc reported the fourth quarter and full year ended December 31, 2025 results: revenue $316.9M.
“(2025 vs. 2024) IQSTEL continued to expand its global business platform, delivering consistent revenue growth and strengthening its equity base: Metric 2025 2024 Growth Revenue $316.9M $283.2M +11.9% Gross Profit $9.46M $8.27M +14.3% Stockholders’ Equity $16.3M $11.9M +37.0% Operational Performance From an operational standpoint, SMS traffic increased from”
Governance Changes
iQSTEL Inc: Third Amended and Restated Certificate of Designation filed for Series D Preferred Stock, increasing the cap on the True-Up Ratio from 2.5 to 5, with retroactive application to prior conversions (effective 2026-02-03).
“On February 3, 2026, iQSTEL Inc. (the “Company”) filed a Third Amended and Restated Certificate of Designation for the Series D Preferred Stock (the “Certificate of Designation”) with the Secretary of State of Nevada to amend and restate the terms of its Series D Preferred Stock, originally established on November 3, 2023, first amended on July 7, 2025 and amended again on October 10, 2025.”
Governance Changes
iQSTEL Inc: Amended Articles of Incorporation to increase authorized common stock from 3,750,000 shares to 26,000,000 shares (effective 2025-09-16).
“On September 16, 2025, iQSTEL Inc., a Nevada corporation (the “Company”), filed with the Secretary of State of the State of Nevada a Certificate of Amendment to its Articles of Incorporation to increase its authorized common stock from 3,750,000 shares of common stock to 26,000,000 shares of common stock.”
Governance Changes
iQSTEL Inc: Amended Articles of Incorporation via Certificate of Change to effect a 1-for-80 reverse stock split (effective 2025-05-02).
“The Board of Directors of iQSTEL Inc., a Nevada corporation (the “Company”), has approved a reverse stock split of the Company’s authorized, issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), at a ratio of 1-for-80 (the “Reverse Stock Split”). The Reverse Stock Split was effective on May 2, 2025 (the “Market Effective Date”).”
Material Agreements
iQSTEL Inc entered into Purchase Agreement with Omar Luna and Lynk Holding LLC valued at $1,500,000 (effective 2024-05-10).
“On May 10, 2024, we entered into a Purchase Company Agreement (“Purchase Agreement”) with Omar Luna and Lynk Holding LLC (together, the “Seller”) concerning the sale by Seller and the purchase by us of 51% of the membership interests the Seller holds in Lynk Telecom, LLC, a Virginia limited liability company (the “Company”).”
“iQSTEL Inc. (OTC-QX: IQST) today announced the company’s YTD revenue through March 17 th surpassed $46 million based on preliminary accounting.”
Earnings Releases
iQSTEL Inc reported YTD through the end of February 2024 results: revenue $33 million.
“the company’s YTD revenue through the end of February 2024, based on preliminary accounting, reached $33 million.”
Juan Carlos Lopez Silva resigned as Chief Commercial Officer at iQSTEL Inc.
“On March 1, 2024, Juan Carlos Lopez Silva resigned from his position as Chief Commercial Officer of the Company.”
Material Agreements
iQSTEL Inc entered into Common Stock Purchase Option with ADI Funding LLC valued at $100,000 (effective 2024-02-12).
“On February 12, 2024, we issued a Common Stock Purchase Option (the “Option”) to ADI Funding LLC (“ADI Funding”) for $100,000 that expires on December 31, 2024, for the right to acquire up to 10,000,000 shares of common stock.”
Earnings Releases
iQSTEL Inc reported the month of January 2024 results: revenue $17 million in revenue.
“the company realized $17 million in revenue for the month of January 2024 based on preliminary accounting.”
Shareholder Votes
iQSTEL Inc shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2024-01-31 meeting.
“Proposal No. 2 – Ratification of Independent Registered Public Accounting Firm Our shareholders ratified the appointment of Urish Popeck & Co., LLC as the Company’s independent registered public accounting firm for fiscal 2023. FOR AGAINST ABSTAIN 262,365,305 1,541,224 1,366,630”
Shareholder Votes
iQSTEL Inc shareholders approved Election of Directors at the 2024-01-31 meeting.
“Proposal No. 1 - Election of Directors Our shareholders elected the persons listed below for a one-year term expiring at our 2024 Annual Meeting or until their respective successors are duly elected and qualified: FOR AGAINST ABSTAIN Leandro Jose Iglesias 203,877,989 0 1,200,722 Alvaro Quintana Cardona 203,968,505 0 1,110,206 Italo Segnini 203,929,995 0 1,148,716 Jose Antonio Barreto 203,927,409 0 1,151,302 Raul Perez 203,977,425 0 1,101,286”
Debt Financings
iQSTEL Inc incurred convertible notes of up to the principal amount of US $3,888,888.89 with M2B Funding Corp. at 18% per annum maturing one-year.
“On January 24, 2024, we entered into a securities purchase agreement (the “SPA”) with M2B Funding Corp., a Florida corporation, for it to purchase up to the principal amount of US $3,888,888.89 in secured convertible promissory notes (the “Notes”) for an aggregate purchase price of US $3,500,000.00 (the “Purchase Price”), which Notes are convertible into shares (“Conversion Shares”) of our common stock with an initial conversion price of $0.11 per share.”
Material Agreements
iQSTEL Inc entered into Securities Purchase Agreement with M2B Funding Corp. valued at US $3,500,000.00 (effective 2024-01-24).
“On January 24, 2024, we entered into a securities purchase agreement (the “SPA”) with M2B Funding Corp., a Florida corporation, for it to purchase up to the principal amount of US $3,888,888.89 in secured convertible promissory notes (the “Notes”) for an aggregate purchase price of US $3,500,000.00”
Material Agreements
iQSTEL Inc entered into Share Purchase Agreement with Yukon River Holdings, Ltd. valued at US $5,000,000 (effective 2024-01-19).
“On January 19, 2024, we entered into a Share Purchase Agreement (“Purchase Agreement”) with Yukon River Holdings, Ltd. (“Yukon River”), a corporation formed under the laws of the British Virgin Islands (“Seller”) concerning the contemplated sale by Seller and the purchase by us of 51% of the ordinary shares Seller holds in QXTEL LIMITED”
Earnings Releases
iQSTEL Inc reported year-to-date (YTD) through the end of August results: revenue over $83 million. Guidance reaffirmed.
“iQSTEL’s year-to-date (YTD) revenue through the end of August is over $83 million based on unaudited accounting.”
“iQSTEL Inc. (OTCQX: IQST), today announced revenue for Q2-2023 exceeded expectations. Based on preliminary accounting, iQSTEL achieved $32.5 million in revenue in Q2 compared to $24.6 million in revenue for Q1, an increase of 32% quarter to quarter.”
“iQSTEL Inc. (OTCQX: IQST ) today announced increasing its annual revenue forecast from $105 million to $120 million after reaching a record high level of sales for one month in April and then breaking that record in May.”
Earnings Releases
iQSTEL Inc reported financial results for the year ended December 31, 2022.
“we issued a shareholder letter concerning our commercial operations and financial results for the year ended December 31, 2022.”
Earnings Releases
iQSTEL Inc reported through February 28, 2023 results: revenue $16.4 million. Guidance reaffirmed.
“iQSTEL Inc. (OTCQX: IQST) today announced the company's year-to-date (YTD) revenue for its Telecom Division through Feb 28 th is $16.4 million (unaudited), an increase of 25% compared to $13.1 million for the same period in 2022.”
Material Agreements
iQSTEL Inc entered into Memorandum of Understanding with Got My Idol, Inc. (effective 2023-03-20).
“On March 20, 2023, we entered into a Memorandum of Understanding (the “MOU”) with Got My Idol, Inc., a Delaware corporation (“GotMy”).”
Shareholder Votes
iQSTEL Inc shareholders approved Ratification of Independent Registered Public Accounting Firm - Urish Popeck & Co., LLC at the 2023-01-31 meeting.
“Proposal No. 2 – Ratification of Independent Registered Public Accounting Firm Our shareholders ratified the appointment of Urish Popeck & Co., LLC as the Company’s independent registered public accounting firm for fiscal 2022. FOR AGAINST ABSTAIN 82.43% 5.41% 12.16%”
Shareholder Votes
iQSTEL Inc shareholders approved Election of Directors at the 2023-01-31 meeting.
“Proposal No. 1 - Election of Directors Our shareholders elected the persons listed below for a one-year term expiring at our 2023 Annual Meeting or until their respective successors are duly elected and qualified: FOR AGAINST ABSTAIN Leandro Jose Iglesias 85.81% 8.11% 6.08% Alvaro Quintana 85.14% 8.78% 6.08% Italo Segnini 84.46% 8.11% 7.43% Jose Antonio Barreto 85.14% 8.11% 6.76% Raul Perez 84.46% 8.78% 6.76%”
Earnings Releases
iQSTEL Inc reported FY-2023 results: revenue $105 Million, net income over $1 million. Guidance initiated.
“Estimated FY-2023 revenue forecast of $105 Million. Estimated FY-2023 year-end consolidated positive net income of over $1 million.”
“Revenue estimation for FY-2022 is $93 Million vs $90 Million forecasted, a 47% increase over $63 Million revenue FY-2021.”
Governance Changes
iQSTEL Inc: Amended and restated bylaws to allow virtual shareholder meetings and raise director removal vote threshold to two-thirds (effective 2022-12-13).
“On December 13, 2022, our board of directors approved an amendment and restatement of the Company's bylaws in order to provide for a virtual setting for shareholder meetings and to revise the voting power required to remove a director to not less than two-thirds of the issued and outstanding stock entitled to vote.”
Earnings Releases
iQSTEL Inc reported the quarter ended September 30, 2022 results: revenue $21.94 million, net income 27,312. Guidance reaffirmed.
“iQSTEL, Inc. (OTCQX: IQST) today announced filing its Q3 financial report for FY 2022. The company realized a 33% increase in revenue to $21.94 million in Q3 compared to the same period in 2021. YTD revenue through September 30, 2022, is over $65 million keeping the company well on track to meet or exceed its $90 million 2022 annual revenue forecast. Notably, iQSTEL reported its first operating and consolidated income positive period in Q3 achieving one of the company ́s financial objectives for FY-2022 earlier than anticipated.”
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