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IQST - IQSTEL Strengthens Equity Position with $6.9 Million Debt Cut -- Almost $2 Per Share
iQSTEL InciQSTEL Inc(US:IQST) Prnewswire·2025-07-09 20:30

NEW YORK, July 9, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a leading global telecommunications and technology company, is pleased to announce a significant reduction of 6.9millionindebtfromitsbalancesheet,markingastrategicmilestoneinthecompany′songoingfinancialstrengtheningandlong−termgrowthplan.Thisdebtreductionwillhaveadirectandpositiveimpactonthecompany′snetstockholders′equity,whichstoodat6.9 million in debt from its balance sheet, marking a strategic milestone in the company's ongoing financial strengthening and long-term growth plan.This debt reduction will have a direct and positive impact on the company's net stockholders' equity, which stood at 11.34 million as of Q1 2025. The reduction was achieved through a c ...