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IQST - IQSTEL and Cycurion (CYCU) Sign MOU for Equity Exchange and Alliance to Build a Next-Gen AI-Driven Powerhouse with Half of the Stock to be Distributed as a Dividend to Shareholders
Both Companies combined have Invested Millions of Dollars over the last 5 years into Proprietary AI assets and technologies.NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) -- IQSTEL Inc. (NASDAQ: IQST) (“IQSTEL”) and Cycurion Inc. (NASDAQ: CYCU) (“Cycurion”) today announced the signing of a Memorandum of Understanding (MOU) to become mutual equity partners following a planned $1 million stock exchange, with half of each company’s exchanged shares to be distributed as a dividend to enhance shareholder v
About this update from Cycurion, Inc.
[{"type":"text","content":"Both Companies combined have Invested Millions of Dollars over the last 5 years into Proprietary AI assets and technologies.","length":124,"tagName":"p"},{"type":"text","content":"NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) -- IQSTEL Inc. (NASDAQ: IQST) (“IQSTEL”) and Cycurion Inc. (NASDAQ: CYCU) (“Cycurion”) today announced the signing of a Memorandum of Understanding (MOU) to become mutual equity partners following a planned $1 million stock exchange, with half of each company’s exchanged shares to be distributed as a dividend to enhance shareholder value. This milestone marks a significant step in the two companies’ collaboration and sets the stage for creating a powerhouse in AI-driven cybersecurity for the global telecommunications industry.","length":573,"tagName":"p"},{"type":"text","content":"This transaction is designed to unlock shareholder value, while being strategically timed for both companies as the products and services of IQSTEL and Cycurion are largely insulated from potential disruptions caused by changes in U.S. tariffs and their economic consequences.","length":276,"tagName":"p"},{"type":"text","content":"The agreement also strengthens the companies’ alliance by integrating complementary market strengths and uniting both organizations’ AI-focused Research and Development departments with a shared mission: to deliver next-generation cybersecurity solutions tailored for telecom industry, government institutions, and enterprise clients worldwide.","length":344,"tagName":"p"},{"type":"text","content":"The Stock Exchange – Foundation for a Mutual Equity Partnership","length":63,"tagName":"p"},{"type":"text","content":"Under the MOU, each company will issue $1 million worth of its common stock to the other.","length":89,"tagName":"p"},{"type":"text","content":"The number of shares will be based on the lower of:","length":51,"tagName":"p"},{"type":"text","content":"1. The Nasdaq Official Closing Price on the trading day immediately preceding the signing of the binding agreement; and","length":119,"tagName":"p","attribs":{}},{"type":"text","content":"2. The average Nasdaq Official Closing Price over the five (5) trading days immediately preceding the signing of the binding agreement.","length":135,"tagName":"p","attribs":{}},{"type":"text","content":"Subject to board and regulatory approvals, each company intends to di...