IQSTEL, Cycurion execute $1M stock exchange

IQSTEL (IQST) and Cycurion (CYCU) announced the execution of their previously announced $1M stock exchange, finalizing the mutual equity agreement that aligns both companies and strengthens their alliance to build a next-generation AI-driven cybersecurity powerhouse. Under the terms of the agreement, each company will issue $1M worth of its common stock to the other. The number of shares will be calculated by dividing $1,000,000 by the applicable per-share price of the issuing company’s common stock. The per-share price will be the lower of: the Nasdaq Official Closing Price on the trading day immediately preceding the execution of the agreement, or the average Nasdaq Official Closing Price over the five consecutive trading days immediately preceding September 2, 2025. The exact number of IQSTEL and Cycurion shares to be issued will be confirmed in writing by both parties. Consistent with the agreement, each company plans to distribute up to 50% of the shares it receives as a stock dividend to its shareholders. IQSTEL shareholders will receive Cycurion shares as a dividend. Cycurion shareholders will receive IQSTEL shares as a dividend. This dividend effectively transforms investors of each company into co-owners of both businesses, creating stronger alignment and reinforcing the alliance’s long-term potential. The record date for the dividend will be announced later in a joint communication once the definitive regulatory steps are completed. Importantly, short sellers will not be entitled to the dividend. Together, the companies will: Develop and launch a state-of-the-art AI-driven cybersecurity solution, combining IQSTEL’s AI proprietary technologies with Cycurion’s cybersecurity expertise. Cross-sell services, giving IQSTEL the ability to bring Cycurion’s cybersecurity products to its telecom clients worldwide, while Cycurion gains access to IQSTEL’s fintech and AI-driven offerings. Accelerate product innovation through integrated R&D efforts, bringing next-gen cybersecurity and AI solutions to market faster.