SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

iQSTEL Inc. – ‘8-K’ for 9/29/22

On:  Wednesday, 10/5/22, at 11:40am ET   ·   For:  9/29/22   ·   Accession #:  1663577-22-574   ·   File #:  0-55984

Previous ‘8-K’:  ‘8-K’ on 5/13/22 for 5/11/22   ·   Next:  ‘8-K/A’ on 10/6/22 for 9/29/22   ·   Latest:  ‘8-K’ on 4/12/24 for 4/4/24

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/05/22  iQSTEL Inc.                       8-K:1,9     9/29/22   11:359K                                   Edgar Einsteins, Inc./FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     26K 
 2: EX-2.1      Plan of Acquisition, Reorganization, Arrangement,   HTML    150K 
                Liquidation or Succession                                        
 6: R1          Cover                                               HTML     42K 
 9: XML         IDEA XML File -- Filing Summary                      XML     12K 
 7: XML         XBRL Instance -- iqst8k_htm                          XML     14K 
 8: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 4: EX-101.LAB  XBRL Labels -- iqst-20220929_lab                     XML     96K 
 5: EX-101.PRE  XBRL Presentations -- iqst-20220929_pre              XML     64K 
 3: EX-101.SCH  XBRL Schema -- iqst-20220929                         XSD     13K 
10: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    33K 
11: ZIP         XBRL Zipped Folder -- 0001663577-22-000574-xbrl      Zip     46K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX:   C:   C:   C:   C:   C:   C:   C:   C: 
 i 0001527702  i false 0001527702 2022-09-29 2022-09-29 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549
____________________

FORM  i 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  i September 29, 2022


 i iQSTEL Inc.
(Exact name of registrant as specified in its charter)

 

 i Nevada  i 000-55984  i 45-2808620
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
     

 i 300 Aragon Avenue,  i Suite 375

 i Coral Gables,  i FL  i 33134

 

 i 33134

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code:  i (954)  i 951-8191

 

 

________________________________________________

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 i [ ] Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
   
 i [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
 i [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
 i [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company    i [ ]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      [ ]

 

 C: 
  C:  
 

 

SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS

 

ITEM 1.01 - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

 

On April 25, 2022, we entered into a Common Stock Purchase Option Agreement with Apollo Management Group, Inc. (the “Holder”) to subscribe for and purchase from the Company, 4,800,000 shares of Common Stock with an exercise price per share of $2.00; and an initial exercise date September 30, 2022. The purchase price of this option is $500,000.

 

On September 29, 2022, the Company amended the Common Stock Purchase Option (the “Amended Option”) with Holder to set the minimum aggregate exercise value for each individual exercise. Under the Amended Option, Holder and the Company agreed that the Holder has the right and the obligation to exercise, on a cashless basis, in accordance with the exercise price and utilizing the cashless methodology in the amended option, $1,000,000 of the amended option not later than October 15, 2022. Thereafter, the Holder shall undertake to exercise not less than (a) $400,000 of the amended option on a “cash basis” not later than the later of (i) November 14, 2022 or (ii) the date on which there is an effective registration statement permitting the issuance of the option shares to or resale of the option shares by the Holder and (b) an additional $400,000 of the amended option on a “cash basis” not later than the latest of (i) thirty (30) days following the exercise of the amended option under subsection (a), above, (ii) December 14, 2022, or (iii) the date on which there is an effective registration statement permitting the issuance of the option shares to or resale of the option shares by the Holder. From and after the occurrence of the three above-referenced exercises, each additional exercise of Options hereunder shall be in an amount not less than $200,000 and exercised only on a cash basis.

 

SECTION 9 – Financial Statements and Exhibits

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No. Description
2.1 Amended Option, dated September 29, 2022

 

 C: 
 2 
 

 

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

October 5, 2022

 

 C: 
 3 
 

 C: 

Dates Referenced Herein

This ‘8-K’ Filing    Date    Other Filings
12/14/22None on these Dates
11/14/22
10/15/22
Filed on:10/5/22
9/30/22
For Period end:9/29/22
4/25/22
 List all Filings 
Top
Filing Submission 0001663577-22-000574   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Thu., Apr. 25, 2:56:19.1pm ET