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IQST - iQSTEL Announces Strategic Sale of itsBChain Subsidiary, Plans to Distribute Stock Dividend to Shareholders as Part of Nasdaq Uplisting Strategy

Provided By PR Newswire

Last update: Mar 12, 2025

NEW YORK, March 12, 2025 /PRNewswire/ -- iQSTEL Inc. (OTCQX: IQST), a multinational telecommunications and technology company, is pleased to announce the signing of a Memorandum of Understanding (MOU) for the sale of 100% of its stake in ItsBchain LLC, representing 75% of the company's total share capital (itsBchain.com), a blockchain-based subsidiary, to Accredited Solutions, Inc. (OTC: ASII). The terms of the MOU are subject to due diligence and the execution and fulfilment of a definitive agreement. This transaction reflects the Company's strategy to focus on high-growth, high-margin sectors while delivering direct financial benefits to its shareholders.

Read more at prnewswire.com

IQSTEL INC

NASDAQ:IQST (6/5/2025, 1:30:29 PM)

12.7

+1.16 (+10.05%)



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