iQSTEL Inc (IQST) has released an update.
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On February 12, 2024, a significant stock purchase option was granted to ADI Funding LLC, giving them the right to acquire up to 10 million shares for $100,000, with an expiration date of December 31, 2024. The option’s exercise price is tied to the stock’s volume-weighted average price (VWAP), with a varying discount depending on whether the VWAP is below or above $2.00. ADI Funding must exercise a minimum number of shares at specified intervals and maintain a beneficial ownership limit, with the ability to adjust the ownership cap and match any lower securities issuance price.
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