Iqstel files preliminary information statement draft on Nasdaq-related share issuance approvals - IQST News | RalliesIqstel files preliminary information statement draft on Nasdaq-related share issuance approvals
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IQST• Employment agreement changes and FY-2025 equity awards
- Shareholders authorized employment agreement changes shifting annual equity incentives to up to 50,000 Series B Preferred Shares per executive.
- They also authorized FY-2025 long-term equity awards of 20,000 Series B Preferred Shares to Leandro Jose Iglesias.
- FY-2025 awards include 14,000 Series B Preferred Shares to Álvaro Quintana Cardona.
Share issuance approvals tied to financing and preferred stock adjustments
- Iqstel shareholders authorized issuances above 19.99% of outstanding common stock tied to a USD 50 million M2B equity line.
- Authorization also covers common stock issued on conversion or true-up adjustments under Series D Preferred Stock linked to ADI Funding arrangements.
