iQSTEL Amends Series D Preferred Stock Terms, Doubling Potential Dilution Cap
IQST is trading near its 52-week low of $2.447 (1.7% above the low) on elevated volume (1.9× avg).
Summary
iQSTEL Inc. filed an 8-K to amend its Series D Preferred Stock terms, doubling the True-Up Ratio cap from 2.5 to 5, which significantly increases potential dilution for common shareholders, especially with retroactive application.
Key Events · Financing and Capital Events · IQST
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Amendment to Series D Preferred Stock
iQSTEL Inc. filed a Third Amended and Restated Certificate of Designation for its Series D Preferred Stock on February 3, 2026.
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Increased True-Up Ratio Cap
The amendment revises the terms to increase the cap on the True-Up Ratio in the conversion True-Up Adjustment mechanism from 2.5 to 5.
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Enhanced Dilution Risk
This change significantly increases the potential for dilution of common stock upon conversion of Series D Preferred Stock, particularly as the stock trades near its 52-week low.
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Retroactive Application
The increased True-Up Ratio cap applies retroactively to prior conversions, authorizing the company to recalculate and issue additional common shares owed.
Analysis · IQST · Technology
iQSTEL Inc. has significantly amended the terms of its Series D Preferred Stock by increasing the cap on the 'True-Up Ratio' from 2.5 to 5. This ratio is a critical component of the conversion adjustment mechanism, which allows preferred stockholders to receive more common shares if the stock price declines. Doubling this cap substantially increases the potential for dilution for common shareholders, especially given the company's current stock price is near its 52-week low. The retroactive application of this increased cap to prior conversions further exacerbates the dilution risk, as the company is now authorized to issue additional common shares for past conversions under the new, higher cap.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 35.8% of the 1190 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.45%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, IQST was trading at $2.49 on NASDAQ in the Technology sector, with a market capitalization of approximately $11.4M. The 52-week trading range was $2.45 to $1,315.94. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.