IQSTEL Inc., a multinational telecom and technology company, has announced its strategic decision to uplist to the NASDAQ stock exchange. To meet the minimum share price requirement for listing, the company has executed a reverse stock split at a ratio of 80:1. This move is aimed at expanding IQSTEL's visibility, credibility, and access to broader capital markets.

The company reported $283 million in revenue for 2024, with a 96% year-over-year growth rate. Management believes that IQSTEL's current market capitalization on the OTC market does not reflect the true value of the company, especially considering its financial performance. The NASDAQ listing is expected to bring the market value more in line with the company's business strength.

Key facts supporting the NASDAQ uplisting include the revenue growth, explosive growth rate, strong asset base of $79 million, and proven profitability of the core telecom division, which generates positive adjusted EBITDA and net income. The company reported $1.40 in revenue per share in 2024, while the stock price trades at less than 10% of that figure. With operations in over 20 countries and direct B2B relationships with major telecom operators, a NASDAQ listing is expected to enhance global visibility and attract new potential shareholders.

The NASDAQ listing is expected to enhance credibility with key customers, accelerate mergers and acquisitions, provide access to institutional investors, and increase exposure to global tech corporations seeking to acquire fast-growing platforms. IQSTEL has built a scalable global connectivity infrastructure. The listing is also expected to help mitigate the negative effects of short selling due to NASDAQ's regulatory framework.

This is a direct listing, with no capital being raised as part of the uplisting, as IQSTEL already meets the required stockholders' equity requirement. The main investors have extended the maturity of their instruments to Q1 2026, providing stability. In the future, the company may consider raising capital for strategic acquisitions or major growth initiatives.

The reverse stock split at a ratio of 80:1 is effective immediately, applying to all authorized and outstanding common shares, with corresponding adjustments made to all classes of preferred shares, stock options, and convertible instruments. This is not a dilutive event but a technical step to meet NASDAQ's share price requirements.

IQSTEL projects $340 million in revenue for FY-2025. The company uses non-GAAP financial measures such as Adjusted EBITDA, Return on Assets, and Return on Equity to evaluate operating performance. Adjusted EBITDA excludes non-operational expenses, changes in the fair value of derivative liabilities, loss on settlement of debt, and stock-based compensation.

Leandro Jose Iglesias, President & CEO of IQSTEL Inc., thanked shareholders for their trust and support. IQSTEL Inc. offers solutions in Telecom, Fintech, Blockchain, AI, and Cybersecurity, operating in 21 countries.