Every material Form 8-K iQSTEL Inc has filed with the SEC since September 08, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On October 20, 2026, iQSTEL issued senior secured, non-convertible promissory notes of up to $3 million in aggregate to M2B Funding Corp. and ADI Funding LLC, along with pre-funded warrants for 420,000 shares, to help fund its planned 51% acquisition of Ultranet Telecom Group. The notes carry 18% annual interest and are secured by a first-priority interest in company collateral, and the warrants could add dilution, so the financing adds debt cost and potential share issuance for shareholders while the acquisition itself is not yet signed.
Up to $3 million in notes, split between two purchasers: first $750,000 per purchaser funded on or about October 20, 2026, and a second advance of up to $750,000 per purchaser due on or before December 1, 2026
Notes bear 18% annual interest payable monthly in cash; principal repaid in four equal installments over 24 months
Warrants for 420,000 shares at a $0.0001 exercise price were fully issued at the initial closing; holders may accelerate at 120% of funded principal after an uncured default
Company expects to sign the Ultranet share purchase agreement in November 2026 and target closing in the middle of the first quarter of 2027
On September 16, 2026, IQSTEL amended its 2025 agreement to acquire 51% of GlobeTopper, LLC, replacing a $500,000 payment originally due in restricted common stock with $500,000 in cash. The company must pay $80,000 within five business days, then $70,000 on the first business day of each of six following months, and the payments are secured by its GlobeTopper interest. If the company fails to cure a missed payment, the seller could seek to rescind the deal and take back the 51% interest, which would end the related earn-out obligations.
September 16, 2026: amendment replaces $500,000 in buyer shares with a $500,000 cash payment; the company has no further obligation to issue those shares
Payment schedule: $80,000 within five business days, then $70,000 on the first business day of each of six consecutive months
Missed payments not cured within 30 days after notice are an Event of Default; the seller may accelerate, foreclose on the collateral, or rescind and reclaim the 51% GlobeTopper interest
IQSTEL said it has launched a commercial sales pipeline with mobile operators for IDILIO TV, a microdrama streaming service, and set a corporate objective to reach a potential audience of about 40 million mobile users by the end of the second quarter of 2027. The company also disclosed preliminary, unaudited revenue of about $207 million for the first half of 2026, compared with about $130 million in the prior-year period. The filing says the 40 million figure is potential reach, not paying subscribers, and the 500,000 gross subscriber figure is an illustration, not guidance.
Corporate objective: potential audience of about 40 million mobile users by the end of Q2 2027 through operator distribution channels.
Illustrative only: 500,000 gross subscribers by end of 2027 based on an assumed 1.25% penetration rate, excluding churn; the company says this is not guidance.
Preliminary, unaudited first-half 2026 revenue of about $207 million, versus about $130 million in the prior-year period, subject to completion of customary review.
IDILIO TV is backed by a $5 million seed round led by a16z Speedrun, with participation from Goodwater Capital, WndrCo and David Vélez.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every iQSTEL Inc filing is on SEC EDGAR ↗. 8-K briefs of other companies →