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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 |
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
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
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 |
|
(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:
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).
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. [ ]
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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 |
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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
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This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
12/14/22 | None 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 | ||||
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