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IQSTEL Announces Strategic Decision to Uplist to NASDAQ and Executes Reverse Stock Split to Meet Minimum Listing Requirements
NEW YORK, May 2, 2025 /PRNewswire/ -- IQSTEL Inc. (OTCQX: IQST), a leading multinational telecom and technology company, announced today that it has made the
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, May 2, 2025 /PRNewswire/ -- IQSTEL Inc. (OTCQX: IQST), a leading multinational telecom and technology company, announced today that it has made the strategic decision to uplist to the NASDAQ stock exchange. As part of this process, the company has executed a reverse stock split at a ratio of 80:1 to meet the minimum share price required for listing. This marks a significant milestone in IQSTEL's journey to expand its visibility, credibility, and access to broader capital markets. With $283 million in revenue reported for 2024 and a 96% year-over-year growth rate, the company is poised to enter a new phase of growth and recognition on a national exchange.\n\n \n \n \n \n \n \n\n \nIQSTEL Shareholders Letter\nThe Future Has Arrived\nDear Shareholders,\nToday marks a defining moment in the history of IQSTEL. We are proud to announce that management has made the strategic decision to uplist to the NASDAQ Capital Market. This key step in this process—a reverse stock split—has now been completed, allowing us to meet the minimum share price required for the NASDAQ stock exchange.\nWhy a Reverse Stock Split—And Why Now?\nOur management team firmly believes that IQSTEL's current market capitalization on the OTC market does not reflect the true value of our company, especially considering our outstanding performance and solid financial foundation. We are confident that a NASDAQ listing will bring our market value more in line with our real business strength.\nKey Facts Supporting Our NASDAQ Uplisting:\nRevenue Growth: In 2024, IQSTEL reported $283 million in revenue, yet our market capitalization remains at only about 10% of that figure.Explosive Growth: We achieved 96% year-over-year revenue growth, but our valuation has not kept pace with performance.Strong Asset Base: With $79 million in assets, our valuation still reflects only a fraction of our balance sheet strength.Proven Profitability: Our core telecom division generates positive adjusted EBITDA and net income, confirming the scalability of our business model.Revenue Per Share vs. Stock Price: We reported $1.40 in revenue per share in 2024, while the stock price trades at less than 10% of that figure.Global Reach: With operations in over 20 countries and direct B2B relationships with major telecom operators, a NASDAQ listing is expected to enhance our global visibility a...