Corporate ActionJun 17, 2026, 04:31 PM
iQSTEL Amends Series B Preferred Stock Conversion Terms
AI Summary
iQSTEL Inc.'s Board of Directors approved an Amended and Restated Certificate of Designation for its Series B Preferred Stock. This amendment significantly revises the conversion provisions, allowing holders to convert their shares into common stock at any time with only five days' written notice, a change from the previous 12-month term restriction. Additionally, the company will now pay proportional accrued and unpaid dividends earned on the converted shares up to the conversion date.
Key Highlights
- iQSTEL amended Series B Preferred Stock conversion provisions.
- Holders can now convert Series B Preferred Stock into common stock at any time.
- The required conversion notice period was reduced from 60 days to 5 days.
- Upon conversion, the company will pay proportional accrued and unpaid dividends.
- The amendments were approved by the Board and a majority of Series B Preferred Stock holders.
Price Impact
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