{"url_path":"/sec/iqst/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-20","source_url":"https://www.sec.gov/Archives/edgar/data/1527702/0001663577-26-000154-index.html","accession_number":"0001663577-26-000154","cik":"0001527702","ticker":"IQST","issuer_name":"iQSTEL Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1527702/0001663577-26-000154-index.html","primary_entity_key":"0001527702","primary_entity_name":"iQSTEL Inc"},"word_count":156,"has_tables":true,"body_markdown":"**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds**\n\n** **\n\nThe information set forth below relates to our issuances\nof securities without registration under the Securities Act of 1933.\n\n \n\nDuring the three months ended March 31, 2026,\nthe Company issued 408,351 shares of common stock, valued at fair market value on issuance as follows:\n\n \n\n·        \n406,476 shares for conversion of Series D Preferred\nStock\n\n·        \n1,875 shares for compensation to our directors valued\nat $4,920\n\n  \n\nThese securities were issued pursuant to Section 4(2)\nof the Securities Act and/or Rule 506 promulgated thereunder. The holders represented their intention to acquire the securities for investment\nonly and not with a view towards distribution. The investors were given adequate information about us to make an informed investment decision.\nWe did not engage in any general solicitation or advertising. We directed our transfer agent to issue the stock certificates with the\nappropriate restrictive legend affixed to the restricted stock."}