iQSTEL Inc 8-K

What Happened

• iQSTEL Inc. announced on June 5, 2026 (reported in an 8-K filed June 8, 2026) that its Board authorized a share repurchase program to buy up to 1,000,000 shares of the company’s common stock. The program may be funded in whole or in part by cash dividends received from the company’s subsidiary, QXTEL.
• The repurchases have no expiration date and may be made through open-market purchases, privately negotiated transactions, block purchases, or other methods in compliance with federal securities laws (including Rule 10b-18). The Board also authorized entering into Rule 10b5-1 trading plans to allow purchases during blackout periods.

Key Details

• Repurchase authorization: up to 1,000,000 shares of common stock.
• Board action date: June 5, 2026; press release issued June 8, 2026 (Exhibit 99.1 to the 8-K).
• Funding source: cash dividends from subsidiary QXTEL (may be used in whole or in part).
• Methods and compliance: open market, private or block transactions; may use Rule 10b-18 and Rule 10b5-1 trading plans; timing and amounts not committed.

Why It Matters

• A buyback program can reduce outstanding shares if executed, which may increase earnings per share and cash return to shareholders; however, iQSTEL made no firm commitment to repurchase any specific number of shares and said timing depends on price, market conditions, available funds, and other opportunities.
• The use of subsidiary dividends as a potential funding source ties repurchases to cash flow from QXTEL rather than a new capital raise. Investors should watch future 10-Q/10-K reports and company disclosures for any actual repurchase activity and for details on the timing and scale of purchases.