# EDGAR Filing Document

**Accession Number:** 0001527702
**File Stem:** 0001663577-26-000112
**Filing Date:** 2026-4
**Character Count:** 40424
**Document Hash:** 553e42bf8fc6f499a5c0650d26f03ea2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001663577-26-000112.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0001663577-26-000112

**CONFORMED SUBMISSION TYPE**: 10-K/A

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iQSTEL Inc
- **CENTRAL INDEX KEY:** 0001527702
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 452808620
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42644
- **FILM NUMBER:** 26889642

**BUSINESS ADDRESS:**
- **STREET 1:** 300 ARAGON AVENUE, SUITE 375
- **CITY:** CORAL GABLES
- **STATE:** FL
- **ZIP:** 33134
- **BUSINESS PHONE:** (954) 951-8191

**MAIL ADDRESS:**
- **STREET 1:** 300 ARAGON AVENUE, SUITE 375
- **CITY:** CORAL GABLES
- **STATE:** FL
- **ZIP:** 33134

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PURESNAX INTERNATIONAL, INC.
- **DATE OF NAME CHANGE:** 20151124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PURE SNAX INTERNATIONAL, INC.
- **DATE OF NAME CHANGE:** 20150813

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** B-MAVEN, INC.
- **DATE OF NAME CHANGE:** 20110810

?xml version='1.0' encoding='ASCII'? iQSTEL Inc. - 10-K/A - December 31, 2025

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

**FORM 10-K/A** 

**Amendment No. 1**

---

| | |
|:---|:---|
| ☒ | ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|  | For the fiscal year ended **December 31, 2025** |
| ☐ | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|  | For the transition period from _________ to ________ |
|  | Commission file number: **001-42644** |

---

---

| | |
|:---|:---|
| **<u>IQSTEL Inc.</u>** | **<u>IQSTEL Inc.</u>** |
| (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) |
| **<u>Nevada</u>** | **<u>45-2808620</u>** |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| **300 Aragon Avenue, Suite 375**<br> **<u>Coral Gables, FL</u>** | **<u>33134</u>** |
| (Address of principal executive offices) | (Zip Code) |
| Registrant's telephone number: **<u>(954) 951-8191</u>** |  |

---

Securities registered under Section 12(b) of the Exchange Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading symbol(s)** | **Name of each exchange on which registered** |
| Common Stock | IQST | The Nasdaq Capital Market<br>|

---

---

| |
|:---|
| <br> Securities registered under Section 12(g) of the Exchange Act: |
| Title of each class |
| **<u>Common Stock, par value of $0.001</u>** |

---

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

**Yes [ ] No [X]**

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. **Yes [ ] No [X]**

Indicate by checkmark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. **Yes [X] No [ ]**

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). **Yes [X] No [ ]**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growth company.

☐ Large accelerated filer ☐ Accelerated filer <br> ☒ Non-accelerated Filer ☒ Smaller reporting company <br> ☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. [ ]

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. [ ]

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). **Yes [ ] No [X]**

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter **$33,157,217.**

**Explanatory Note**

iQSTEL Inc. (the "Company," "we," "us," or "our") is filing this Amendment No. 1 on Form 10-K/A to our Report on Form 10-K for the fiscal year ended December 31, 2025 (the "Report") for the purpose of including Exhibit 97.1, a copy of the Company's Clawback Policy, as required under SEC Rule 10D-1.

As required by Rule 12b-15 under the Exchange Act, new certifications by the Company's principal executive officer and principal financial officer are filed herewith as exhibits to this Form 10-K/A pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act. As no financial statements have been included in this Form 10-K/A and this Form 10-K/A does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted. Additionally, because this Amendment does not include financial statements, the Company is not including certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Except as described above, no other amendments are being made to this Report. This Form 10-K/A does not reflect events occurring after the April 21, 2026, filing of our Report or modify or update the disclosure contained in the Report in any way other than as required to reflect the amendments discussed above and reflected below.

**<u>PART IV</u>**

**Item 15. Exhibits, Financial Statements Schedules**

*(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Schedules*

The following financial statements and schedules listed below are included in this Form 10-K.

Financial Statements (See Item 8)

*(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits*

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| Exhibit 2.1 | [Membership Interest Purchase Agreement(1)](http://www.sec.gov/Archives/edgar/data/1527702/000107878218000661/f8k062818_ex2z1.htm) |
| Exhibit 2.2 | [Memorandum of Understanding and Shareholders Agreement dated February 21, 2020(5)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000138/f8k022120_ex2z1.htm) |
| Exhibit 2.3 | [Memorandum of Understanding and Shareholders Agreement dated February 12, 2020(6)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000128/f8k021920_ex2z1.htm) |
| Exhibit 2.4 | [Company Purchase Agreement, dated April 1, 2019(11)](https://www.sec.gov/Archives/edgar/data/1527702/000107878219000290/f8k040319_ex2z1.htm) |
| Exhibit 2.5 | [Share Purchase Agreement, dated January 19, 2024(23)](https://www.sec.gov/Archives/edgar/data/1527702/000166357724000016/ex2_1.htm) |
| Exhibit 2.6 | [Purchase Company Agreement, dated May 10, 2024(26)](https://www.sec.gov/Archives/edgar/data/1527702/000166357724000127/ex2_1.htm) |
| Exhibit 2.7 | [Second Amendment to Share Purchase Agreement, dated June 27, 2024(27)](https://www.sec.gov/Archives/edgar/data/1527702/000166357724000163/ex2_1.htm) |
| Exhibit 3.1 | [Articles of Incorporation of the Registrant(2)](http://www.sec.gov/Archives/edgar/data/1527702/000107878211002345/bmavens1ex31.htm) |
| Exhibit 3.2 | [Certificate of Amendment(3)](http://www.sec.gov/Archives/edgar/data/1527702/000107878218000942/f8k083018_ex3z1.htm) |
| Exhibit 3.3 | [Certificate of Amendment(18)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000316/def14c051120_def14c.htm) |
| Exhibit 3.4 | [Certificate of Designation(20)](https://www.sec.gov/Archives/edgar/data/1527702/000107878221000023/f8k010721_ex3z1.htm) |
| Exhibit 3.5 | [Certificate of Designation(21)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000855/f8k111120_ex3z1.htm) |
| Exhibit 3.6 | [Certificate of Designation(22)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000821/f8k110120_ex3z1.htm) |
| Exhibit 3.7 | [Amended and Restated Bylaws of the Registrant(19)](https://www.sec.gov/Archives/edgar/data/1527702/000166357722000700/ex3_1.htm) |
| Exhibit 3.8 | [Certificate of Change, dated May 1, 2025(31)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000118/ex3_1.htm) |
| Exhibit 3.9 | [Certificate of Amendment, dated September 16, 2025(36)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000281/ex3_1.htm) |
| Exhibit 3.10 | [Second Amended and Restated Certificate of Designation for Series D Preferred Stock(38)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000298/ex3_1.htm) |
| Exhibit 3.11 | [Third Amended and Restated Certificate of Designation for Series D Preferred Stock(39)](https://www.sec.gov/Archives/edgar/data/1527702/000166357726000034/ex3_1.htm) |
| Exhibit 4.1 | [Amendment #2 to the Crown Capital Note dated March 2, 2020(4)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000217/f8k030219_ex4z1.htm) |
| Exhibit 4.2 | [Amendment #2 to the Auctus Fund Note dated March 2, 2020(4)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000217/f8k030219_ex4z2.htm) |
| Exhibit 4.2 | [Amendment #1 to the Labrys Fund Note dated February 11, 2020(7)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000102/f8k021120_ex4z1.htm) |
| Exhibit 4.3 | [Amendment #1 to the Apollo Note dated December 23, 2019(8)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000002/f8k010320_ex4z1.htm) |
| Exhibit 4.4 | [Amendment #1 to the Apollo Note dated December 24, 2019(8)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000002/f8k010320_ex4z2.htm) |
| Exhibit 4.5 | [Amendment #1 to the Apollo Note dated December 24, 2019(8)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000002/f8k010320_ex4z3.htm) |
| Exhibit 4.6 | [Amendment #1 to the Apollo Note dated December 24, 2019(8)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000002/f8k010320_ex4z4.htm) |
| Exhibit 4.7 | [Amendment #1 to the Apollo Note dated December 24, 2019(8)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000002/f8k010320_ex4z5.htm) |
| Exhibit 4.8 | [Amendment #1 to the Apollo Note dated December 24, 2019(8)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000002/f8k010320_ex4z6.htm) |
| Exhibit 4.9 | [Amendment #1 to the Apollo Note dated December 24, 2019(8)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000002/f8k010320_ex4z7.htm) |
| Exhibit 4.10 | [Amendment #1 to the Crown Capital Note dated December 23, 2019(8)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000002/f8k010320_ex10z2.htm) |
| Exhibit 4.11 | [Amendment #1 to the Auctus Fund Note dated January 1, 2020(8)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000002/f8k010320_ex10z3.htm) |
| Exhibit 4.12 | [Senior Secured Convertible Promissory Note to Labrys Fund dated December 3, 2019(9)](https://www.sec.gov/Archives/edgar/data/1527702/000107878219000901/f8k121119_ex4z1.htm) |
| Exhibit 4.13 | [Purchase Company Agreement, dated April 21, 2022(12)](https://www.sec.gov/Archives/edgar/data/1527702/000166357722000259/ex10_1.htm) |
| Exhibit 4.14 | [Purchase Company Agreement, dated May 6, 2022(13)](https://www.sec.gov/Archives/edgar/data/1527702/000166357722000279/ex2_1.htm) |
| Exhibit 4.15 | [Common Stock Purchase Option with Apollo dated April 5, 2022(14)](https://www.sec.gov/Archives/edgar/data/1527702/000166357722000558/ex4_15.htm) |
| Exhibit 4.16 | [Amended Common Stock Purchase Option with Apollo dated September 29, 2022(15)](https://www.sec.gov/Archives/edgar/data/1527702/000166357722000578/ex4_1.htm) |
| Exhibit 4.17 | [Secured Convertible Promissory Note, dated January 24, 2024(23)](https://www.sec.gov/Archives/edgar/data/1527702/000166357724000016/ex4_1.htm) |
| Exhibit 4.18 | [Common Stock Purchase Option, dated February 12, 2024(24)](https://www.sec.gov/Archives/edgar/data/1527702/000166357724000044/ex4_1.htm) |
| Exhibit 4.19 | [Common Stock Purchase Option, dated January 14, 2025(30)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000026/ex4_1.htm) |
| Exhibit 10.1 | [Conversion Agreement with Carmen Cabell(1)](https://www.sec.gov/Archives/edgar/data/1527702/000107878218000661/f8k062818_ex10z1.htm) |
| Exhibit 10.2 | [Conversion Agreement with Patrick Gosselin(1)](https://www.sec.gov/Archives/edgar/data/1527702/000107878218000661/f8k062818_ex10z2.htm) |
| Exhibit 10.3 | [Conversion Agreement with Mark Engler(1)](https://www.sec.gov/Archives/edgar/data/1527702/000107878218000661/f8k062818_ex10z3.htm) |
| Exhibit 10.4 | [Employment Agreement with Leandro Iglesias(1)](https://www.sec.gov/Archives/edgar/data/1527702/000107878218000661/f8k062818_ex10z4.htm) |
| Exhibit 10.5 | [Employment Agreement with Alvaro Quintana Cardona(1)](https://www.sec.gov/Archives/edgar/data/1527702/000107878218000661/f8k062818_ex10z5.htm) |
| Exhibit 10.6 | [Employment Agreement with Juan Carlos Lopez Silva(1)](https://www.sec.gov/Archives/edgar/data/1527702/000107878218000661/f8k062818_ex10z6.htm) |
| Exhibit 10.7 | [Forbearance Agreement dated December 12, 2019(8)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000002/f8k010320_ex10z1.htm) |
| Exhibit 10.8 | [Temporary Forbearance Agreement dated December 18, 2019(8)](https://www.sec.gov/Archives/edgar/data/1527702/000107878220000002/f8k010320_ex10z4.htm) |
| Exhibit 10.9 | [Securities Purchase Agreement, dated December 3, 2019(9)](https://www.sec.gov/Archives/edgar/data/1527702/000107878219000901/f8k121119_ex10z1.htm) |
| Exhibit 10.10 | [Employment and Indemnification Agreements with Leandro Iglesias, dated May 2, 2019(10)](https://www.sec.gov/Archives/edgar/data/1527702/000107878219000396/f8k050319_ex10z1.htm) |
| Exhibit 10.11 | [Employment and Indemnification Agreements with Alvaro Quintana, dated May 2, 2019(10)](https://www.sec.gov/Archives/edgar/data/1527702/000107878219000396/f8k050319_ex10z2.htm) |
| Exhibit 10.12 | [Employment and Indemnification Agreements with Juan Carlos Lopez Silva, dated May 2, 2019(10)](https://www.sec.gov/Archives/edgar/data/1527702/000107878219000396/f8k050319_ex10z3.htm) |
| Exhibit 10.13 | [Registration Rights Agreement with ADI Funding dated April 5, 2022(16)](https://www.sec.gov/Archives/edgar/data/1527702/000166357722000585/ex10_13.htm) |
| Exhibit 10.14 | [Securities Purchase Agreement, dated January 24, 2024(23)](http://www.sec.gov/Archives/edgar/data/1527702/000166357724000016/ex10_1.htm) |
| Exhibit 10.15 | [Registration Rights Agreement with M2B Funding Corp., dated January 24, 2024(23)](http://www.sec.gov/Archives/edgar/data/1527702/000166357724000016/ex10_2.htm) |
| Exhibit 10.16 | [Security Agreement, dated January 24, 2024(23)](http://www.sec.gov/Archives/edgar/data/1527702/000166357724000016/ex10_3.htm) |
| Exhibit 10.17 | [Amended and Restated Employment Agreement with Mr. Iglesias, dated February 29, 2024(25)](https://www.sec.gov/Archives/edgar/data/1527702/000166357724000071/ex10_1.htm) |
| Exhibit 10.18 | [Amended and Restated Indemnification Agreement with Mr. Iglesias, dated February 29, 2024(25)](https://www.sec.gov/Archives/edgar/data/1527702/000166357724000071/ex10_2.htm) |
| Exhibit 10.19 | [Amended and Restated Employment Agreement with Mr. Cardona, dated February 29, 2024(25)](https://www.sec.gov/Archives/edgar/data/1527702/000166357724000071/ex10_3.htm) |
| Exhibit 10.20 | [Amended and Restated Indemnification Agreement with Mr. Cardona, dated February 29, 2024(25)](https://www.sec.gov/Archives/edgar/data/1527702/000166357724000071/ex10_4.htm) |
| Exhibit 10.21 | [Memorandum of Understanding, dated October 18, 2024(28)](https://www.sec.gov/Archives/edgar/data/1527702/000166357724000265/ex10_1.htm) |
| Exhibit 10.22 | [Memorandum of Understanding, dated November 1, 2024(29)](https://www.sec.gov/Archives/edgar/data/1527702/000166357724000273/ex10_1.htm) |
| Exhibit 10.23 | [Stock Purchase Agreement, dated January 14, 2025(30)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000026/ex10_1.htm) |
| Exhibit 10.24 | [Registration Rights Agreement, dated January 14, 2025(30)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000026/ex10_2.htm) |
| Exhibit 10.25 | [Unit Purchase Agreement, dated May 29, 2025(32)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000175/ex10_1.htm) |
| Exhibit 10.26 | [Amendment to Employment Agreement with Leandro Iglesias, dated June 23, 2025(33)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000215/ex10_1.htm) |
| Exhibit 10.27 | [Amendment to Employment Agreement with Alvaro Quintana Cardona, dated June 23, 2025(33)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000215/ex10_2.htm) |
| Exhibit 10.28 | [Debt Exchange Agreement, dated June 30, 2025 with ADI Funding, LLC(34)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000222/ex10_1.htm) |
| Exhibit 10.29 | [Debt Exchange Agreement, dated June 30, 2025 with M2B Funding Corp.(34)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000222/ex10_2.htm) |
| Exhibit 10.30 | [Stock-For-Stock Exchange Agreement, dated September 2, 2025(35)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000273/ex10_1.htm) |
| Exhibit 10.31 | [Amendment No. 1 to Stock-For-Stock Exchange Agreement, dated September 26, 2025(37)](https://www.sec.gov/Archives/edgar/data/1527702/000166357725000287/ex10_1.htm) |
| Exhibit 14.1 | [Code of Business Conduct and Ethics(17)](https://www.sec.gov/Archives/edgar/data/1527702/000166357722000612/ex14_1.htm) |
| Exhibit 31.1\*\* | [Certification of Chief Executive Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](ex31_1.htm) |
| Exhibit 31.2\*\* | [Certification of Chief Financial Officer pursuant to Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](ex31_2.htm) |
| Exhibit 97.1\*\* | [Clawback Policy](ex97_1.htm) |
| Exhibit 101\*\* | The following materials from the Company's Annual Report on Form 10-K for the year ended December 31, 2025 formatted in Extensible Business Reporting Language (XBRL). |

---

Filed herewith\*\*

---

| | |
|:---|:---|
| 1. | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on June 28, 2018. |
| 2. | Incorporated by reference to the Company's Registration Statement on Form S-1 filed with the US Securities and Exchange Commission on August 18, 2011. |
| 3. | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on August 31, 2018. |
| 4. | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on March 30, 2020. |
| 5. | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on February 25, 2020. |
| 6. | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on February 19, 2020. |
| 7. | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on February 13, 2020. |
| 8. | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on January 6, 2020. |
| 9. | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on December 11, 2019. |
| 10. | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on May 6, 2019. |
| 11. | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on April 4, 2019. |
| 12 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on April 26, 2022. |
| 13 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on May 10, 2022. |
| 14 | Incorporated by reference to the Company's Form S-1/A filed with the US Securities and Exchange Commission on September 22, 2022. |
| 15 | Incorporated by reference to the Company's Form 8-K/A filed with the US Securities and Exchange Commission on October 6, 2022. |
| 16 | Incorporated by reference to the Company's Form S-1/A filed with the US Securities and Exchange Commission on October 11, 2022. |
| 17 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on November 2, 2022. |
| 18 | Incorporated by reference to the Company's DEF 14C filed with the US Securities and Exchange Commission on May 12, 2020. |
| 19 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on December 14, 2022. |
| 20 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on January 8, 2021. |
| 21 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on November 13, 2020. |
| 22 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on November 6, 2020. |
| 23 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on January 25, 2024. |
| 24 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on February 13, 2024. |
| 25 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on March 4, 2024. |
| 26 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on May 10, 2024. |
| 27 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on July 2, 2024. |
| 28 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on October 22, 2024. |
| 29 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on November 4, 2024. |
| 30 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on January 17, 2025 |
| 31 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on May 2, 2025 |
| 32 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on May 30, 2025 |
| 33 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on June 25, 2025 |
| 34 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on July 9, 2025 |
| 35 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on September 3, 2025 |
| 36 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on September 19, 2025 |
| 37 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on September 26, 2025 |
| 38 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on October 10, 2025 |
| 39 | Incorporated by reference to the Company's Form 8-K filed with the US Securities and Exchange Commission on February 3, 2026 |

---

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| | IQSTEL Inc. |
| By: | /s/ Leandro Iglesias |
|  | Leandro Iglesias<br> Chief Executive Officer, Principal Executive Officer |
|  | April 23, 2026 |

---

---

| | |
|:---|:---|
| By: | /s/ Alvaro Quintana Cardona |
|  | Alvaro Quintana Cardona&nbsp;&nbsp;&nbsp;&nbsp; |
| Title: | Chief Operating Officer, Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer |
| Date: | April 23, 2026 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | /s/ Leandro Iglesias |
|  | Leandro Iglesias<br> Chief Executive Officer, Principal Executive Officer |
|  | April 23, 2026 |

---

---

| | |
|:---|:---|
| By: | /s/ Alvaro Quintana Cardona |
|  | Alvaro Quintana Cardona&nbsp;&nbsp;&nbsp;&nbsp; |
| Title: | Chief Operating Officer, Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer |
| Date: | April 23, 2026 |

---

---

| | |
|:---|:---|
| By: | /s/ Raul Perez |
|  | Raul Perez&nbsp;&nbsp;&nbsp;&nbsp; |
| Title: | Director |
| Date: | April 23, 2026 |

---

---

| | |
|:---|:---|
| By: | /s/ Jose Antonio Barreto |
|  | Jose Antonio Barreto |
| Title: | Director |
| Date: | April 23, 2026 |

---

---

| | |
|:---|:---|
| By: | /s/ Italo Segnini |
|  | Italo Segnini |
| Title: | Director |
| Date: | April 23, 2026 |

---

## Exhibit 31.1

**EXHIBIT 31.1**

**CERTIFICATION PURSUANT TO RULE 13a/15d OF THE SECURITIES AND EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Leandro Iglesias, certify that:

1. I have reviewed this report on Form 10-K/A of iQSTEL Inc., for the fiscal year ended December 31, 2025;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

---

| | |
|:---|:---|
| Dated: April 23, 2026 | */s/ Leandro Iglesias* |
|  | Leandro Iglesias |
|  | Chief Executive Officer, Principal Executive Officer and director |

---

## Exhibit 31.2

**EXHIBIT 31.2**

**CERTIFICATION PURSUANT TO RULE 13a/15d OF THE SECURITIES AND EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, <u>Alvaro Quintana Cardona</u> certify that:

1. I have reviewed this report on Form 10-K/A of iQSTEL, Inc., for the fiscal year ended December 31, 2025;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

---

| | |
|:---|:---|
| Dated: April 23, 2026 | */s/ <u>Alvaro Quintana Cardona</u>* |
|  | <u>Alvaro Quintana Cardona</u>, |
|  | Chief Operating Officer, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and director |

---

## Exhibit 97.1

**<u>iQSTEL, INC.</u>**

**Clawback Policy**

The Board of Directors (the "Board") of iQSTEL, Inc. (the "Company") has determined that it is in the best interests of the Company to adopt this Clawback Policy (this "Policy"), which provides for the recovery of certain incentive compensation in the event of an Accounting Restatement (as defined below). This Policy is designed to comply with, and shall be interpreted to be consistent with, Section 10D of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), Rule 10D-1 promulgated under the Exchange Act ("Rule 10D-1") and Nasdaq Listing Rule 5608.

1. **Definitions**

For purposes of this Policy, the following capitalized terms shall have the meanings set forth below.

"*Accounting Restatement"* means an accounting restatement of the Company's financial statements due to the Company's material noncompliance with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period.

 

*"Clawback Period"* means the three completed fiscal years immediately preceding the date on which the Company is required to prepare an Accounting Restatement, as well as any transition period (that results from a change in the Company's fiscal year) within or immediately following those three completed fiscal years (except that a transition period that comprises a period of at least nine months shall count as a completed fiscal year). The*"date on which the Company is required to prepare an Accounting Restatement*" is the earlier to occur of (a) the date the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if the Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare an Accounting Restatement; or (b) the date a court, regulator or other legally authorized body directs the Company to prepare an Accounting Restatement.

"*Erroneously Awarded Compensation*" means, in the event of an Accounting Restatement, the amount of Incentive-Based Compensation previously received that exceeds the amount of Incentive-Based Compensation that otherwise would have been received had it been determined based on the restated amounts in such Accounting Restatement, and must be computed without regard to any taxes paid by the relevant Executive Officer; provided, however, that for Incentive-Based Compensation based on stock price or total stockholder return, where the amount of Erroneously Awarded Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement: (i) the amount of Erroneously Awarded Compensation must be based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or total stockholder return upon which the Incentive-Based Compensation was received; and (ii) the Company must maintain documentation of the determination of that reasonable estimate and provide such documentation to The Nasdaq Stock Market ("Nasdaq").

 

*"Executive Officer"* means the Company's president, principal financial officer, principal accounting officer (or if there is no such accounting officer, the controller), any vice-president of the Company in charge of a principal business unit, division, or function (such as sales, administration, or finance), any other officer who performs a policy-making function, or any other person who performs similar policy-making functions for the Company. An executive officer of the Company's parent or subsidiary is deemed an "Executive Officer" if the executive officer performs such policy making functions for the Company.

"*Financial Reporting Measure*" means any measures that are determined and presented in accordance with the accounting principles used in preparing the Company's financial statements, and any measures that are derived wholly or in part from such measures; provided, however, that a Financial Reporting Measure is not required to be presented within the Company's financial statements or included in a filing with the U.S. Securities and Exchange Commission ("SEC") to qualify as a "Financial Reporting Measure." For purposes of this Policy, Financial Reporting Measures include, but are not limited to, stock price and total stockholder return.

"*Incentive-Based Compensation*" means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure. Incentive-Based Compensation is "*received*" for purposes of this Policy in the Company's fiscal period during which the Financial Reporting Measure specified in the Incentive-Based Compensation award is attained, even if the payment or grant of such Incentive-Based Compensation occurs after the end of that period.

**2. Policy Application.**

This Policy applies to Incentive-Based Compensation received by an Executive Officer (a) after beginning services as an Executive Officer; (b) if that person served as an Executive Officer at any time during the performance period for such Incentive-Based Compensation; and (c) while the Company had a listed class of securities on a national securities exchange.

**3. Policy Recovery Requirement**.

In the event the Company is required to prepare an Accounting Restatement, the Company shall reasonably promptly recoup the amount of any Erroneously Awarded Compensation received by any Executive Officer during the Clawback Period. In the event of an Accounting Restatement, the Board shall determine, in its sole discretion, the amount of any Erroneously Awarded Compensation for each Executive Officer in connection with such Accounting Restatement.

**4. Method of Recoupment.**

The Board shall determine, in its sole discretion, the timing and method for promptly recouping such Erroneously Awarded Compensation, which may include without limitation: (a) seeking reimbursement of all or part of any cash or equity-based award, (b) cancelling prior cash or equity-based awards, whether vested or unvested or paid or unpaid, (c) cancelling or offsetting against any planned future cash or equity-based awards, (d) forfeiture of deferred compensation, subject to compliance with Section 409A of the Internal Revenue Code and the regulations promulgated thereunder and (e) any other method authorized by applicable law or contract. Subject to compliance with any applicable law, the Board may affect recovery under this Policy from any amount otherwise payable to the Executive Officer, including amounts payable to such individual under any otherwise applicable Company plan or program, including base salary, bonuses or commissions and compensation previously deferred by the Executive Officer.

The Company is authorized and directed pursuant to this Policy to recoup Erroneously Awarded Compensation in compliance with this Policy unless the Board (or the Compensation Committee, if the Board has delegated authority to it) has determined that recovery would be impracticable solely for the following limited reasons, and subject to the following procedural and disclosure requirements:

● The direct expense paid to a third party to assist in enforcing the Policy would exceed the amount to be recovered. Before concluding that it would be impracticable to recover any amount of Erroneously Awarded Compensation based on expense of enforcement, the Company must make a reasonable attempt to recover such Erroneously Awarded Compensation, document such reasonable attempt(s) to recover and provide that documentation to Nasdaq;

● Recovery would violate home country law of the Company where that law was adopted prior to November 28, 2022. Before concluding that it would be impracticable to recover any amount of Erroneously Awarded Compensation based on violation of home country law of the Company, the Company must obtain an opinion of home country counsel, acceptable to Nasdaq, that recovery would result in such a violation, and must provide such opinion to Nasdaq; or

● Recovery would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly available to employees of the Company, to fail to meet the requirements of 26 U.S.C. 401(a)(13) or 26 U.S.C. 411(a) and regulations thereunder.

**5. No Indemnification of Executives Officers.**

Notwithstanding the terms of any indemnification or insurance policy or any contractual arrangement with any Executive Officer that may be interpreted to the contrary, the Company shall not indemnify any Executive Officers against the loss of any Erroneously Awarded Compensation, including any payment or reimbursement for the cost of third-party insurance purchased by any Executive Officers to fund potential clawback obligations under this Policy.

**6**. **Required Policy-Related Filings.**

The Company shall file all disclosures with respect to this Policy in accordance with the requirements of the federal securities laws, including disclosures required by SEC filings.

**7. Acknowledgement.**

Each Executive Officer shall sign and return to the Company within thirty (30) calendar days following the later of (i) the effective date of this Policy set forth below or (ii) the date such individual becomes an Executive Officer, the Acknowledgement Form attached hereto as <u>Appendix A</u>, pursuant to which the Executive Officer agrees to be bound by, and to comply with, the terms and conditions of this Policy.

**8. Administration**

This Policy shall be administered by the Board or, if so designated by the Board, the Compensation Committee, in which case references herein to the Board shall be deemed references to the Compensation Committee. Any determinations made by the Board shall be final and binding on all affected individuals.

**9. Policy Not in Limitation**

The Board intends that this Policy shall be applied to the fullest extent of the law. Any right of recoupment under this Policy is in addition to, and not in lieu of, any other remedies or rights of recoupment that may be available to the Company under applicable law or pursuant to the terms of any similar policy in any employment agreement, equity award agreement, or similar agreement and any other legal remedies available to the Company.

Nothing contained in this Policy, and no recoupment or recovery as contemplated by this Policy, shall limit any claims, damages or other legal remedies the Company or any of its affiliates may have against an Executive Officer arising out of or resulting from any actions or omissions by the Executive Officer.

**10. Amendment; Termination.**

The Board may amend, modify, supplement, rescind or replace all or any portion of this Policy at any time and from time to time in its discretion, and shall amend this Policy as it deems necessary to comply with applicable law or any rules or standards adopted by a national securities exchange on which the Company's securities are listed.

**11. Successors.**

This Policy is binding and enforceable against all Executive Officers and their beneficiaries, heirs, executors, administrators or other legal representatives.

**12. Effective Date.**

This Policy shall be effective as of October 2, 2023. The terms of this Policy shall apply to any Incentive-Based Compensation that is received by Executive Officers on or after October 2, 2023, even if such Incentive-Based Compensation was approved, awarded or granted to Executive Officers prior to such date.

Approved and adopted: April 23, 2026