iQSTEL updates Series B preferred conversion terms
iQSTEL Inc. reported that its board approved an Amended and Restated Certificate of Designation for its Series B Preferred Stock.
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Rhea-AI Filing Summary
iQSTEL Inc. reported that its board approved an Amended and Restated Certificate of Designation for its Series B Preferred Stock. The amendment lets Series B holders convert into common stock at any time with five days’ written notice, instead of only at the end of a 12‑month term with a 60‑day notice period. Upon conversion, the company will now pay the converting holder the proportional accrued and unpaid dividends on the converted shares up to, but not including, the actual conversion date. Holders of a majority of outstanding Series B Preferred shares provided written consent, and the amended designation was filed with the Nevada Secretary of State on June 17, 2026.
8-K Event Classification
Key Figures
Key Terms
Series B Preferred Stock financial
Amended and Restated Certificate of Designation regulatory
conversion provisions financial
accrued and unpaid dividends financial
unanimous written consent regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What change did iQSTEL (IQST) make to its Series B Preferred Stock?
How did the conversion timing change for iQSTEL’s Series B Preferred Stock?
Did iQSTEL obtain Series B holder approval for the amended terms?
When was iQSTEL’s amended Series B Preferred certificate filed in Nevada?
AI-generated analysis. How Rhea-AI works. Not financial advice.