iQSTEL Inc. Files 8-K for Material Agreement
Ticker: IQST · Form: 8-K · Filed: Sep 26, 2025 · CIK: 1527702
Sentiment: neutral
Topics: material-agreement, financial-reporting, corporate-filing
TL;DR
iQSTEL filed an 8-K on 9/26/25 for a material agreement & financials.
AI Summary
On September 26, 2025, iQSTEL Inc. filed an 8-K report detailing a material definitive agreement and financial statements. The company, formerly known as PURESNAX INTERNATIONAL, INC., is incorporated in Nevada and operates in the Telephone Communications sector.
Why It Matters
This filing indicates significant corporate activity and financial reporting by iQSTEL Inc., which could impact investors' understanding of the company's current status and future prospects.
Risk Assessment
Risk Level: medium — 8-K filings can signal significant events, but without details on the material agreement, the specific risk is unclear.
Key Numbers
- 001-42644 — SEC File Number (Identifies the company's filing history with the SEC.)
- 45-2808620 — IRS Employer Identification No. (Tax identification number for the company.)
Key Players & Entities
- iQSTEL Inc. (company) — Registrant
- PURESNAX INTERNATIONAL, INC. (company) — Former company name
- September 26, 2025 (date) — Date of report
- Nevada (jurisdiction) — State of incorporation
- 300 Aragon Avenue, Suite 375 Coral Gables, FL 33134 (address) — Business and mail address
FAQ
What is the nature of the material definitive agreement filed on September 26, 2025?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What financial statements are being reported in this 8-K filing?
The filing mentions 'Financial Statements and Exhibits' as an item information, but the specific financial statements are not detailed in the provided text.
When was iQSTEL Inc. incorporated, and in which state?
iQSTEL Inc. was incorporated in Nevada.
What were the previous names of iQSTEL Inc.?
iQSTEL Inc. was formerly known as PURESNAX INTERNATIONAL, INC., PURE SNAX INTERNATIONAL, INC., and B-MAVEN, INC.
What is the primary business of iQSTEL Inc. according to its SIC code?
iQSTEL Inc.'s Standard Industrial Classification (SIC) code is 4813, which corresponds to Telephone Communications (No Radio Telephone).
Filing Stats: 856 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2025-09-26 16:10:05
Key Financial Figures
- $1,000,000 — which provided for a mutual exchange of $1,000,000 worth of common stock between the Compa
- $500,000 — at its sole discretion, to satisfy the $500,000 dividend obligation to its shareholders
Filing Documents
- iqst8k092625.htm (8-K) — 28KB
- ex10_1.htm (EX-10.1) — 21KB
- 0001663577-25-000287.txt ( ) — 217KB
- iqst-20250926.xsd (EX-101.SCH) — 3KB
- iqst-20250926_lab.xml (EX-101.LAB) — 33KB
- iqst-20250926_pre.xml (EX-101.PRE) — 22KB
- iqst8k092625_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On September 26, 2025, iQSTEL Inc. (the "Company") entered into the First Amendment to Stock-for-Stock Exchange Agreement (the "Amendment") with Cycurion, Inc. ("Cycurion"), a Delaware corporation trading on Nasdaq under the ticker CYCU. The Amendment modifies the Stock-for-Stock Exchange Agreement dated September 2, 2025 (the "Original Agreement"), which provided for a mutual exchange of $1,000,000 worth of common stock between the Company and Cycurion, calculated based on the valuation methodology set forth in the Original Agreement, and a strategic alliance focused on AI-driven cybersecurity solutions for the global telecommunications industry. The Amendment introduces two key changes to the Original Agreement: 1. Dividend Payment Flexibility: The Amendment revises Section 4.4 of the Original Agreement to allow each party, at its sole discretion, to satisfy the $500,000 dividend obligation to its shareholders by distributing either (i) up to 50% of the shares received from the other party (i.e., up to 75,529 shares of iQSTEL common stock for Cycurion, based on 151,058 shares issued to Cycurion, and up to 1,933,488 shares of Cycurion common stock for the Company, based on 3,866,976 shares issued to the Company), or (ii) an equivalent value of its own authorized common stock, calculated using the valuation methodology set forth in Section 1.3 of the Original Agreement. If a party elects to distribute its own shares, it retains the full number of shares received from the other party. Each party is required to ensure that any shares distributed as a dividend comply with applicable federal and state securities laws and Nasdaq listing rules. 2. Extended Timeline and Firm Dividend Deadline: The Amendment extends the timeline for the issuance and delivery of shares (the "Closing") from 30 business days to 60 business days following the Effective Date of the Original Agreement (September 2, 2025), amending Secti
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 First Amendment to Stock-for-Stock Exchange Agreement, dated September 26, 2025 104.1 Cover Page Interactive Data File (embedded within the inline XBRL document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. iQSTEL Inc. /s/ Leandro Iglesias Leandro Iglesias Chief Executive Officer Date: September 26, 2025 3