Business
IQST - IQSTEL Becomes a Debt-Free Nasdaq Company With No Convertible Notes or Warrants and Plans to Give $500,000 in Shares as Dividend by the End of the Year
IQSTEL Eliminates All Convertible Notes, Completes Full Payment of QXTEL and Globetopper Acquisitions, and Accelerates Cycurion Partnership NEW YORK, Oct. 9,
About this update from Iqstel Inc.
[{"type":"text","content":"\n \n IQSTEL Eliminates All Convertible Notes, Completes Full Payment of QXTEL and Globetopper Acquisitions, and Accelerates Cycurion Partnership\n \n \n \n NEW YORK, Oct. 9, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a Global Connectivity, AI & Digital Corporation, proudly announces it has eliminated all convertible notes from its balance sheet and fully paid for its most recent acquisitions, QXTEL and Globetopper.\n \n \n \n \n \n \n \n With this achievement, IQSTEL has officially become a debt-free company — with no convertible notes and no warrants outstanding — reinforcing its solid financial foundation and long-term commitment to creating shareholder value.\n \"This is a defining moment for IQSTEL,\" said Leandro Iglesias, CEO of IQSTEL Inc. \"We have completely eliminated convertible debt and finalized full payment for our latest acquisitions. IQSTEL is stronger, cleaner, and better positioned than ever to execute our growth strategy and deliver consistent value to shareholders.\"\n \n A Strong Balance Sheet and Strategic Flexibility\n \n \n IQSTEL officially enters the select club of debt-free companies, standing out with $17.41 in assets per share and a clean capital structure with zero convertible debt and no warrants outstanding.\n This solid financial foundation gives IQSTEL the strength and flexibility to continue executing its growth strategy, supported by a robust balance sheet that reinforces investor confidence.\n \n Building Shareholder Value: $500,000 Dividend Planned\n \n This milestone is a concrete demonstration of how IQSTEL creates shareholder value — reducing liabilities, increasing tangible assets, and delivering real financial benefits.\n In conjunction with this financial progress, IQSTEL plans to distribute a $500,000 dividend in shares before the end of 2025, as part of its strategic partnership with Cycurion.\n This dividend underscores IQSTEL's commitment to rewarding shareholders while executing strategic initiatives that expand high-margin business lines and strengthen long-term value creation.\n \n Accelerating Cycurion Partnership and AI-Driven Cybersecurity\n \n IQSTEL is now accelerating its collaboration with Cycurion, developing and deploying AI-enhanced cybersecurity services for the global telecom and enterprise markets.\n Through this partnership, IQSTEL has entered the cybersecur...