iQSTEL Implements Reverse Stock Split to Prepare for NASDAQ Uplisting

iQSTEL Implements Reverse Stock Split for NASDAQ Listing

New York, May 1, 2025 — iQSTEL Inc. (OTCQX: IQST), a burgeoning player in the telecommunications and technology sector, has made headlines with its recent announcement regarding a reverse stock split. Set to take effect on May 2, 2025, the reverse split will see shareholders convert every 80 shares of common stock into a single share. This strategic move is designed to boost the company's stock price to meet NASDAQ's requirements for listing, which stipulate that a stock must be priced at $4.00 or higher by the listing date.

The rationale behind this decision is clear: as companies seek to expand their market presence, achieving a listing on a major exchange such as NASDAQ can significantly enhance visibility and credibility. The reverse stock split will prepare iQSTEL to apply for this uplisting — an application that must first receive approval before any actual trading occurs on NASDAQ. As such, while there is optimism around the potential to boost stock price through this maneuver, it’s essential to recognize that approval is not guaranteed.

Once the reverse split is executed, the company’s common stock will begin trading under the revised symbol “IQSTD” on the OTCQX market. This change will remain in effect until either the company is successfully listed on NASDAQ or 20 business days pass — whichever comes first. Following this period, the trading symbol will revert back to “IQST”.

Approximately 2,633,878 shares will remain outstanding post-split, alongside a proportional decrease in authorized shares to around 3,750,000 shares after the action is finalized. Importantly, the reverse split will maintain the equity interests of existing shareholders without causing dilution, barring instances where fractional shares are created. In such cases, fractional holdings will automatically round up to the nearest whole share, ensuring all shareholders are treated equitably.

For shareholders holding their stocks via brokerage accounts, the adjustment to this new ratio will happen automatically, alleviating the need for individual actions regarding stock certificates. However, those possessing physical stock certificates are not excluded from exchanges if they choose to do so.

The company’s proactive approach also ensures clear communication with its stockholders. They are encouraged to reach out to their respective brokers or the company’s transfer agent, Vstock Transfer, for any inquiries related to the reverse stock split.

About iQSTEL

iQSTEL Inc. is not merely a small venture; it’s a multinational technology firm delivering top-notch solutions spanning Telecom, Fintech, Blockchain technology, Artificial Intelligence (AI), and Cybersecurity. Operating across 21 countries, iQSTEL serves a substantial customer base, projecting a revenue of approximately $340 million for the FY 2025. This anticipated revenue growth follows the company’s strategic underpinning and its strong performance history, reflecting not only robust technological capabilities but also high-margin offerings that position it favorably within the market.

The company has also been vocal about its future prospects — emphasizing its goal to grow rapidly while efficiently managing operating costs and responding adeptly to market competition.

A Look Ahead

Analysts underscore that achieving a successful NASDAQ listing could open new avenues for iQSTEL, enhancing its capital-raising potential and expanding its investor base. As part of its broader strategy, iQSTEL aims to unveil further innovations while concurrently exploring opportunities for complementary acquisitions that could elevate its market standing.

Conclusion

While the reverse stock split signifies a strategic pivot towards meeting NASDAQ's listing requirements, it’s merely one step in a larger journey. iQSTEL's commitment to growth through technological and market advancements is evident, and stakeholders keep a watchful eye on the company’s unfolding narrative as it aspires to transition to a prominent position within the financial landscape.