iQSTEL Inc 8-K

What Happened

• iQSTEL Inc. (IQST) filed a Form 8‑K on June 17, 2026 announcing that its Board unanimously approved an Amended and Restated Certificate of Designation (Amended COD) for the Company’s Series B Preferred Stock, and that holders representing a majority of outstanding Series B shares consented to the amendment. The Amended COD was filed with the Nevada Secretary of State on June 17, 2026 and is attached as Exhibit 3.1 to the 8‑K. The filing is incorporated by reference into the item disclosing a material modification to holders’ rights.

Key Details

• Series B holders may now convert their shares into 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 after issuance; required notice was sixty (60) days and is now reduced to five (5) days.
• On conversion, the Company will pay the converting holder proportional accrued and unpaid dividends earned up to (but not including) the conversion date.
• The Board approved the Amended COD by unanimous written consent and obtained the required written consent of holders of a majority of outstanding Series B shares.

Why It Matters

• The amendment gives Series B holders substantially greater flexibility to convert earlier and with much shorter notice, which could accelerate potential common‑share issuance and dilute existing common shareholders sooner than under prior terms.
• The requirement that accrued dividends be paid pro rata on conversion clarifies payout treatment and reduces uncertainty for converting holders.
• Retail investors should watch for any increased conversion activity and subsequent changes in outstanding common shares, which can affect share count, EPS, and ownership percentages.