Financing ·
iQSTEL settles $500,000 obligation with cash payments secured by GlobeTopper LLC interest
IQSTiQSTEL Inc
On September 16, 2026, iQSTEL Inc. amended its Unit Purchase Agreement to settle a $500,000 obligation originally payable in restricted common stock by paying cash instead. The company must pay an initial $80,000 within five business days and six monthly installments of $70,000 thereafter. This change creates a new direct financial obligation secured by the 51% membership interest in GlobeTopper LLC held by a subsidiary. Failure to pay triggers default remedies including acceleration of debt or rescission of the acquisition. Additionally, the company furnished press releases outlining an illustrative economic model for a microdrama subscription service and reporting July net revenue of $37.5 million, supporting a $450 million annualized run rate. iQSTEL Inc. operates in the global telecommunications and technology sector, providing voice, messaging, connectivity, and digital services.