Iqstel Inc amends Series D Preferred Stock terms adds leak out restriction and true up adjustment

Reuters10-11

Iqstel Inc amends Series D Preferred Stock terms adds leak out restriction and true up adjustment

Iqstel Inc. has amended the terms of its Series D Preferred Stock, introducing a True-Up Adjustment mechanism to the conversion rate and maintaining the authorized shares at 100,000. Key changes include a 12% cumulative dividend, optional company redemption at 105% of purchase price, a senior liquidation preference, and a new leak-out restriction limiting conversions and sales to 10% of average daily trading volume per holder after three months. The Series D Preferred Stock remains non-voting except as required by law or for changes affecting its rights.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iqstel Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001663577-25-000298), on October 10, 2025, and is solely responsible for the information contained therein.

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