iQSTEL Inc (IQST) Form 8-K — Oct 26, 2026
$IQSTForm 8-KItems 1.01, 2.03, 3.02, 8.01, 9.01Filed Oct 26, 2026, 5:25 PM ET0001663577-26-000330Original filing
iQSTEL Inc. (Nasdaq: IQST) closed the first tranche of a senior secured financing on October 20, 2026, issuing $1.5 million notes to each of M2B Funding Corp. and ADI Funding LLC for up to $3.0 million in aggregate principal, netting roughly $2.97 million if both tranches fund. The Notes carry an 18% annual interest rate paid monthly in cash, with principal repaid in four equal installments at 6, 12, 18, and 24 months after each tranche funds.
Key figures
- Debt Amount
- 3000000
- Interest Rate
- 18
- Maturity Date
- 24 months after each tranche's funding date
- Prepayment premium
- 10% of principal prepaid
- Acceleration amount
- 120% of outstanding funded principal plus accrued interest
- Installment schedule
- four equal 25% installments at 6, 12, 18, and 24 months
- Default interest rate
- up to 24% per annum
- Max principal per note
- $1,500,000
- Warrant exercise price
- $0.0001
- Cross default threshold
- $50,000
- Tranche a per purchaser
- $750,000 funded October 20, 2026
- Tranche b per purchaser
- up to $750,000 on or before December 1, 2026
- Aggregate warrant shares
- 420000
- Beneficial ownership limit
- 4.99% (increasable to 9.99%)
- Closing fees per purchaser
- $20,000 ($10,000 legal + $10,000 non-accountable expense)
- Warrant shares per purchaser
- 210000
- Aggregate net proceeds if full funding
- $2,970,000
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