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IQST - iQSTEL Secures Major 12-Month Extension on Convertible Notes, Paving the Way for Explosive Growth and Nasdaq Uplisting

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iQSTEL Inc. (OTC: IQST) has secured a 12-month extension on its convertible notes with M2B Funding Corp., strengthening its path to a Nasdaq uplisting and its goal of achieving $1 billion in revenue by 2027. The extension covers three notes totaling $3,555,555.56, with new maturity dates in 2026. In exchange, iQSTEL will issue 646,467 restricted common stock to M2B Funding Corp.

CEO Leandro Jose Iglesias emphasized the investors' confidence in iQSTEL's long-term strategy and vision. The company is leveraging its relationships with major telecom companies to drive growth through high-margin solutions. Recent partnerships include a collaboration with Cycurion for cybersecurity solutions and ONAR for enhanced branding and marketing efforts.

This financial reinforcement and strategic moves are part of iQSTEL's progression towards its Nasdaq uplisting, positioning the company for significant growth in the high-tech telecommunications and technology solutions sector.

iQSTEL Inc. (OTC: IQST) ha ottenuto un'estensione di 12 mesi sui suoi titoli convertibili con M2B Funding Corp., rafforzando il suo cammino verso una quotazione sul Nasdaq e l'obiettivo di raggiungere 1 miliardo di dollari di fatturato entro il 2027. L'estensione riguarda tre titoli per un totale di $3.555.555,56, con nuove date di scadenza nel 2026. In cambio, iQSTEL emetterà 646.467 azioni comuni riservate a M2B Funding Corp.

Il CEO Leandro Jose Iglesias ha sottolineato la fiducia degli investitori nella strategia a lungo termine e nella visione di iQSTEL. L'azienda sta sfruttando le sue relazioni con le principali aziende di telecomunicazioni per promuovere la crescita attraverso soluzioni ad alta marginalità. Recenti collaborazioni includono un accordo con Cycurion per soluzioni di cybersecurity e ONAR per migliorare le attività di branding e marketing.

Questo rinforzo finanziario e le mosse strategiche fanno parte della progressione di iQSTEL verso la quotazione sul Nasdaq, posizionando l'azienda per una significativa crescita nel settore delle telecomunicazioni e delle soluzioni tecnologiche ad alta tecnologia.

iQSTEL Inc. (OTC: IQST) ha asegurado una extensión de 12 meses en sus notas convertibles con M2B Funding Corp., fortaleciendo su camino hacia una cotización en Nasdaq y su objetivo de alcanzar $1 mil millones en ingresos para 2027. La extensión cubre tres notas por un total de $3,555,555.56, con nuevas fechas de vencimiento en 2026. A cambio, iQSTEL emitirá 646,467 acciones comunes restringidas a M2B Funding Corp.

El CEO Leandro Jose Iglesias enfatizó la confianza de los inversores en la estrategia a largo plazo y la visión de iQSTEL. La empresa está aprovechando sus relaciones con importantes compañías de telecomunicaciones para impulsar el crecimiento a través de soluciones de alto margen. Las asociaciones recientes incluyen una colaboración con Cycurion para soluciones de ciberseguridad y con ONAR para mejorar la marca y los esfuerzos de marketing.

Este refuerzo financiero y los movimientos estratégicos son parte del avance de iQSTEL hacia su cotización en Nasdaq, posicionando a la compañía para un crecimiento significativo en el sector de telecomunicaciones y soluciones tecnológicas de alta tecnología.

iQSTEL Inc. (OTC: IQST)는 M2B Funding Corp.와의 전환사채에 대해 12개월 연장을 확보하여 Nasdaq 상장을 향한 길을 강화하고 2027년까지 10억 달러의 매출 목표를 달성할 수 있도록 하고 있습니다. 이 연장은 총 $3,555,555.56의 세 가지 사채를 포괄하며, 만기도는 2026년으로 설정되었습니다. 대가로 iQSTEL은 M2B Funding Corp.에 646,467주의 제한된 보통주를 발행할 것입니다.

CEO인 Leandro Jose Iglesias는 투자자들이 iQSTEL의 장기 전략과 비전에 대해 가지고 있는 신뢰를 강조했습니다. 이 회사는 주요 통신사와의 관계를 활용하여 높은 수익성을 가진 솔루션을 통해 성장을 추진하고 있습니다. 최근 협력에는 사이버 보안 솔루션을 위한 Cycurion과의 협업 및 브랜드 및 마케팅 노력을 강화하기 위한 ONAR와의 파트너십이 포함됩니다.

이 재정적 강화와 전략적 움직임은 iQSTEL이 Nasdaq 상장을 향한 진전을 이루고 있으며, 고급 통신 및 기술 솔루션 분야에서 중요한 성장을 위한 포지셔닝을 하고 있습니다.

iQSTEL Inc. (OTC: IQST) a obtenu une prolongation de 12 mois de ses obligations convertibles avec M2B Funding Corp., renforçant son chemin vers une cotation au Nasdaq et son objectif d'atteindre 1 milliard de dollars de revenus d'ici 2027. La prolongation concerne trois obligations totalisant 3 555 555,56 $, avec de nouvelles dates d'échéance en 2026. En échange, iQSTEL émettra 646 467 actions ordinaires restreintes à M2B Funding Corp.

Le PDG Leandro Jose Iglesias a souligné la confiance des investisseurs dans la stratégie à long terme et la vision d'iQSTEL. L'entreprise tire parti de ses relations avec de grandes entreprises de télécommunications pour stimuler la croissance grâce à des solutions à forte marge. Les partenariats récents incluent une collaboration avec Cycurion pour des solutions de cybersécurité et avec ONAR pour des efforts de branding et de marketing améliorés.

Ce renforcement financier et ces mouvements stratégiques font partie du progrès d'iQSTEL vers sa cotation au Nasdaq, positionnant l'entreprise pour une croissance significative dans le secteur des solutions technologiques et des télécommunications de haute technologie.

iQSTEL Inc. (OTC: IQST) hat eine 12-monatige Verlängerung seiner wandelbaren Anleihen mit M2B Funding Corp. gesichert, was seinen Weg zu einer Nasdaq-Notierung und das Ziel, bis 2027 1 Milliarde US-Dollar Umsatz zu erreichen, stärkt. Die Verlängerung betrifft drei Anleihen mit einem Gesamtbetrag von 3.555.555,56 US-Dollar, deren neue Fälligkeiten im Jahr 2026 liegen. Im Austausch wird iQSTEL 646.467 eingeschränkte Stammaktien an M2B Funding Corp. ausgeben.

CEO Leandro Jose Iglesias betonte das Vertrauen der Investoren in die langfristige Strategie und Vision von iQSTEL. Das Unternehmen nutzt seine Beziehungen zu namhaften Telekommunikationsunternehmen, um das Wachstum durch hochmargige Lösungen voranzutreiben. Zu den jüngsten Partnerschaften gehört eine Zusammenarbeit mit Cycurion für Cybersicherheitslösungen sowie mit ONAR zur Verbesserung der Branding- und Marketingaktivitäten.

Diese finanzielle Stärkung und strategischen Maßnahmen sind Teil von iQSTELs Fortschritt in Richtung Nasdaq-Notierung und positionieren das Unternehmen für ein signifikantes Wachstum im Bereich der hochmodernen Telekommunikations- und Technologie-Lösungen.

Positive
  • Secured 12-month extension on $3,555,555.56 worth of convertible notes
  • Strengthened financial position for Nasdaq uplisting pursuit
  • Partnership with Cycurion to offer advanced cybersecurity solutions
  • Collaboration with ONAR marketing agency to enhance brand presence
  • Investor confidence demonstrated through note extension agreement
Negative
  • Issuance of 646,467 restricted common stock, potentially diluting existing shareholders

NEW YORK, Oct. 21, 2024 /PRNewswire/ -- iQSTEL Inc. (OTC: IQST), a trailblazer in high-tech telecommunications and technology solutions, is thrilled to announce a significant development that accelerates its path to a Nasdaq uplisting. With unwavering investor confidence, iQSTEL has secured a 12-month extension on its convertible notes with M2B Funding Corp. – a strategic milestone that solidifies iQSTEL's momentum and reinforces its vision of achieving $1 billion in revenue by 2027.

For the past six years, iQSTEL's visionary leadership and relentless pursuit of innovation have built a robust business platform, earning the trust and support of investors who believe in the company's unstoppable growth. This extension demonstrates their continued confidence in iQSTEL's ability to lead the next wave of high-tech, high-margin products.

"Our investors see the incredible potential in iQSTEL. They trust our long-term strategy and vision," said Leandro Jose Iglesias, CEO and President of iQSTEL. "We've done the hard work, building invaluable, trusted relationships with the largest telecom companies around the world. Now, we are fully prepared to leverage those relationships and drive exponential growth through cutting-edge, high-margin solutions."

Following extensive discussions with M2B Funding Corp. and a shared commitment to iQSTEL's future, the maturity dates of three key convertible notes have been extended by 12 months, securing a critical financial foundation to fuel iQSTEL's growth strategy and innovation.

Details of the extended notes:

  • First Note: Originally due January 1, 2025, with an outstanding amount of $1,888,888.89, now extended to January 1, 2026.
  • Second Note: Originally due March 12, 2025, with an outstanding amount of $1,111,111.11, now extended to March 12, 2026.
  • Third Note: Originally due March 25, 2025, with an outstanding amount of $555,555.56, now extended to March 25, 2026.

In consideration for this extension, iQSTEL will issue 646,467 restricted IQST common stock to M2B Funding Corp., further strengthening the financial partnership and demonstrating their absolute faith in the company's future.

"This is a monumental step in our journey to greatness," Iglesias continued. "With this extension, we are not only reinforcing our financial position but also safeguarding shareholder value as we continue to execute our bold business plan. iQSTEL is set for extraordinary growth."

But the excitement doesn't stop there.

iQSTEL is poised to revolutionize the high-tech sector. The recent partnership with Cycurion is a clear example of iQSTEL's relentless drive to expand its high-margin product offerings. "By teaming up with Cycurion, we're bringing advanced cybersecurity solutions to our telecom clients. This opens the door to new, lucrative opportunities and keeps us ahead of the curve," Iglesias said enthusiastically.

Additionally, iQSTEL has partnered with ONAR, a top-tier marketing agency, to amplify its branding and marketing presence. "We are taking iQSTEL's brand to new heights, ensuring that our story of innovation and growth resonates across the globe. ONAR will help us seize the attention of investors and clients alike," Iglesias added.

This evolution of a great corporation and its strategic moves are part of iQSTEL's successful progression. With a solid business plan and the trust of our investors, we are stepping up to the next level with an imminent NASDAQ uplisting. This is a crucial step toward achieving our goal of becoming a $1 billion company. Now is the ideal time to join us as we embark on this exciting phase of our unstoppable growth.

We invite you to watch the latest video on our YouTube channel: https://www.youtube.com/watch?v=RK3SIH7EEUo

About iQSTEL Inc. – The Future of Global Innovation - Updated Oct. 2024

iQSTEL Inc. (OTC-QX: IQST) is on the brink of explosive growth, poised to become a major player in the global market. With 2023 revenues of $144 million and forecasted 2024 revenues of $290 million, iQSTEL is not only growing but thriving, with positive operating income expected in the seven digits for our operating subsidiaries. The company is in the final stages of its Nasdaq listing journey, setting the stage for unprecedented opportunities and expansion.

At its core, iQSTEL is driven by a mission to meet modern human needs across the globe, offering essential tools that empower people, regardless of race, ethnicity, or socioeconomic status. iQSTEL is transforming industries by making advanced technologies accessible and affordable, from telecommunications and financial freedom to clean mobility and cutting-edge AI solutions.

iQSTEL is strategically positioned to hit $1 billion in revenue by 2027, powered by organic growth, high-margin products, and strategic acquisitions. Here's a glimpse into iQSTEL's diverse portfolio:

  • Telecommunications Services: A full suite of telecom solutions including VoIP, SMS, international fiber-optic networks, IoT services, and a revolutionary blockchain-based mobile portability platform.
  • Fintech Division: iQSTEL is delivering financial freedom through services like remittances, mobile top-ups, a MasterCard debit card, US bank accounts without the need for an SSN, and a cutting-edge mobile app that puts financial power in the hands of users worldwide.
  • Electric Vehicles (EV) Division: iQSTEL is electrifying the future of transportation, offering electric motorcycles and gearing up to launch a mid-speed electric car. With clean, affordable mobility, iQSTEL is set to become a game-changer in the EV space.
  • Artificial Intelligence (AI) Services: iQSTEL's AI division is bringing the future to today's world with unified AI customer engagement tools and a 3D virtual platform that delivers entertainment, services, and support—all at users' fingertips.
  • Cybersecurity: Partnering with Cycurion, iQSTEL now offers 24/7 cybersecurity solutions that protect telecom clients with cutting-edge threat detection, incident response, and compliance management—essential tools for a digital world.

Since 2018, iQSTEL has successfully completed 11 acquisitions, and the company is far from done. With an active pipeline of potential acquisitions and a clear focus on high-margin products, iQSTEL is rapidly expanding its reach.

Being part of iQSTEL is not just growing but revolutionizing entire industries. iQSTEL is your opportunity to be part of the future of telecommunications, fintech, electric vehicles, AI, and cybersecurity. With a clear path to Nasdaq and $1 billion in sight, iQSTEL is a company built for sustained success and transformative innovation.

Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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SOURCE iQSTEL

FAQ

What is the new maturity date for iQSTEL's (IQST) first convertible note?

The first convertible note, originally due January 1, 2025, has been extended to January 1, 2026.

How much is iQSTEL (IQST) aiming to achieve in revenue by 2027?

iQSTEL is aiming to achieve $1 billion in revenue by 2027.

What is the total value of the convertible notes extended by iQSTEL (IQST)?

The total value of the extended convertible notes is $3,555,555.56.

Who has iQSTEL (IQST) partnered with for cybersecurity solutions?

iQSTEL has partnered with Cycurion for advanced cybersecurity solutions.

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