iQSTEL Inc (IQST) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 20, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 112.46% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
6.7M
Potential Supply
0
Additional shares possible
Splits
2 Reverse
Past 2 years

Summary

IQST currently has 6.74M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 112.46% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 20, 2026

10-Q filing | 6.7M shares outstanding

6.7M 0
Apr 06, 2026

10-K filing | 5.1M shares outstanding

5.1M 0
Dec 02, 2025

8-K filing: iQSTEL Inc. declares a special stock dividend payable on December 30, 2025, to stockholders of record as of December 15, 2025, distributing 75,529 newly issued shares of common stock with a total value of $500,000, representing approximately 0.0173 additional shares for every 1 share held. ($0.5M proceeds)

3.6M 0
Sep 26, 2025

8-K filing: iQSTEL Inc. amended its Stock-for-Stock Exchange Agreement with Cycurion, Inc., modifying dividend payment flexibility and extending the timeline for share issuance, with iQSTEL issuing 151,058 shares to Cycurion and Cycurion issuing 3,866,976 shares to iQSTEL, each valued at $1,000,000. ($2.0M proceeds)

3.6M 0
Aug 14, 2025

10-Q filing | 3.6M shares outstanding

3.6M 0
Jul 09, 2025

8-K filing: iQSTEL Inc. exchanged $3,546,136 in outstanding debt for 37,110 shares of newly amended Series D Preferred Stock and amended the terms of its Series D Preferred Stock, increasing the authorized shares from 75,000 to 100,000.

2.9M 0
Jun 25, 2025

8-K filing: Messrs. Iglesias and Quintana converted their accrued and unpaid salaries amounting to $631,500 into 6,571 shares of Series B Preferred Stock on June 24, 2025.

2.9M 0
Jun 11, 2025
Stock Split

8-K filing: iQSTEL Inc. issued 286,640 shares of common stock upon conversion of $1,111,111.12 of principal and $90,277.78 of interest under secured convertible promissory notes at a conversion rate of $4.20 per share, as adjusted for the 1-for-80 reverse stock split.

2.9M 0
Jun 03, 2025
Stock Split

8-K filing: iQSTEL Inc. issued 179,993 shares of common stock upon conversion of convertible notes at a conversion rate of $4.20 per share, after giving effect to a 1-for-80 reverse stock split.

2.9M 170K
May 15, 2025

10-Q filing | 2.9M shares outstanding

2.9M 170K
Apr 15, 2025

RW filing: The company has withdrawn its registration statement for an initial public offering due to prevailing market conditions.

210M 35M
Apr 02, 2025

S-1/A filing: This S-1/A filing registers the resale of up to 15,000,000 shares of common stock issuable upon exercise of a common stock purchase option by the selling shareholder.

210M 35M
Mar 31, 2025

10-K filing | 210.7M shares outstanding

210M 35M
Jan 17, 2025

8-K filing: The company issued a Common Stock Purchase Option to ADI Funding LLC for $100,000, granting the right to acquire up to 15,000,000 shares of common stock with an exercise price tied to VWAP but not less than $0.11 per share, subject to beneficial ownership limitations. ($0.1M proceeds)

190M 59M
Jan 17, 2025

S-1 filing: This prospectus covers the resale by the selling shareholder of up to an aggregate of 15,000,000 shares of common stock issuable upon exercise of a common stock purchase option.

190M 59M
Nov 14, 2024

10-Q filing | 186.2M shares outstanding

190M 44M
Oct 22, 2024

8-K filing: The company issued 646,467 restricted common shares to M2B Funding Corp in consideration for extending the maturity date on three promissory notes.

180M 47M
Aug 14, 2024

10-Q filing | 183.5M shares outstanding

180M 47M
May 15, 2024

10-Q filing | 176.8M shares outstanding

180M 53M
Apr 12, 2024

S-1/A filing: This S-1/A filing covers the resale by selling shareholders of up to 48,888,890 shares of iQSTEL Inc. common stock, including shares issuable upon conversion of a secured convertible promissory note and exercise of a common stock purchase option.

180M 54M
Apr 01, 2024

10-K filing | 176.3M shares outstanding

180M 37M
Feb 13, 2024

S-1 filing: This S-1 filing covers the resale by selling shareholders of up to 32,222,222 shares of iQSTEL Inc. common stock, including shares issuable upon conversion of a secured convertible promissory note and shares issuable upon exercise of a common stock purchase option.

170M 42M
Feb 13, 2024

8-K filing: The company issued a Common Stock Purchase Option to ADI Funding LLC for $100,000 that expires on December 31, 2024, for the right to acquire up to 10,000,000 shares of common stock. ($0.1M proceeds)

170M 42M
Nov 14, 2023

10-Q filing | 171.5M shares outstanding

170M 9.8M
Aug 25, 2023

S-1/A filing: This S-1/A filing highlights information about an offering of 15,000,000 shares of common stock by a selling shareholder, representing shares of the Registrant's common stock and common stock issuable upon the exercise of an option dated April 5, 2022. The company will not receive any proceeds from the sale, aside from the exercise price for the option, which will be used for general working capital.

170M 13M
Aug 14, 2023

10-Q filing | 166.4M shares outstanding

170M 15M
Jul 12, 2023

S-1/A filing: The filing is an S-1/A form related to an offering of common stock by a selling shareholder, involving 15,000,000 shares of common stock.

160M 17M
May 15, 2023

10-Q filing | 164.6M shares outstanding

160M 17M
Apr 14, 2023

10-K filing | 151.9M shares outstanding

150M 29M
Feb 10, 2023

S-1/A filing: This S-1/A filing relates to an offering of 15,000,000 shares of common stock by a selling shareholder, which includes shares issuable upon the exercise of an option. The company will not receive any proceeds from the sale, aside from the exercise price for the option, which they plan to use for general working capital.

160M 17M
Dec 16, 2022

S-1 filing: This is an S-1 filing for IQSTEL Inc. offering 15,000,000 shares of common stock by a selling shareholder, including shares issuable upon exercise of an option. The company will not receive proceeds from the sale, aside from the exercise price for the option, which will be used for general working capital.

160M 24M
Nov 14, 2022

10-Q filing | 151.8M shares outstanding

150M 15M
Oct 11, 2022

S-1/A filing: S-1/A filing for IQSTEL Inc. offering 10,000,000 shares of common stock by the company and 4,800,000 shares by selling shareholders.

160M 11M
Sep 22, 2022

S-1/A filing: This is an S-1/A filing for IQSTEL Inc. offering 10,000,000 shares of common stock, with an additional 4,800,000 shares offered by selling shareholders representing shares issuable upon exercise of an option dated April 25, 2022.

150M 15M
Sep 02, 2022

S-1 filing: This is an S-1 filing for iQSTEL Inc. offering 10,000,000 shares of common stock and an additional 4,800,000 shares by selling shareholders.

150M 15M
Aug 15, 2022

10-Q filing | 151.5M shares outstanding

150M 0
May 16, 2022

10-Q filing | 149.4M shares outstanding

150M 0
Apr 26, 2022

8-K filing: The company entered into a Purchase Agreement to acquire 51% of the membership interests in Smartbiz Telecom LLC for $1,800,000, consisting of $800,000 in cash and $1,000,000 in common stock (2,378,059 shares). ($1.0M proceeds)

150M 0
Apr 15, 2022

10-K filing | 149.4M shares outstanding

150M 0
Nov 15, 2021

10-Q filing | 141.7M shares outstanding

140M 0
Aug 16, 2021

10-Q filing | 139.1M shares outstanding

140M 0
Feb 19, 2021

8-K filing: iQSTEL Inc. settled debt with Apollo Management Group, Inc. and M2B Funding Corp. by issuing shares of common stock. ($1.53M proceeds)

N/A 0
Jan 15, 2021

8-K filing: On January 15, 2021, iQSTEL Inc. entered into Conversion Agreements with Leandro Iglesias, Alvaro Quintana, and Juan Carlos Lopez, to convert a total of 21,000,000 shares of common stock into 21,000 shares of Series B Preferred Stock.

N/A 0
Jan 08, 2021

8-K filing: The company's Board of Directors voted to designate a class of preferred stock entitled Series C Preferred Stock, consisting of up 200,000 shares, par value $0.001.

N/A 0
Dec 14, 2020

8-K filing: Alpha Capital Anstalt amended Common Stock Purchase Warrants to modify the exercise price to $0.0034923 per share and include a leak-out on shares sold into the market.

N/A 0
Dec 10, 2020

8-K filing: Leandro Iglesias exchanged 70,000 common shares for 7,000 Series A Preferred Stock shares, and Alvaro Cardona exchanged 30,000 common shares for 3,000 Series A Preferred Stock shares.

N/A 0
Nov 13, 2020

8-K filing: The company designated a class of Series B Preferred Stock consisting of up to 200,000 shares, convertible into common stock at a rate of 1,000 shares of Common Stock for every one share of Series B Preferred Stock after twelve months from the issuance date.

N/A 0
Nov 06, 2020

8-K filing: On November 3, 2020, the Board of Directors voted to designate a class of preferred stock entitled Series A Preferred Stock, consisting of up 10,000 shares, par value $0.001, with voting rights of 51% of the total vote of shareholders.

N/A 0
Sep 04, 2020

8-K filing: The company entered into a Multipurpose Agreement with M2B Funding Corp. which includes the issuance of an Amalgamated Note with a principal amount of $1,045,326.96 and an Additional Note with a principal amount of $300,000 to M2B and M2B converted $13,888 of principal amount under the Original Notes into 603,865 shares of common stock.

N/A 0
Aug 04, 2020

8-K filing: The company entered into a Termination and Mutual Release Agreement with BHP Capital NY Inc. to settle a convertible promissory note and a warrant, issuing 708,824 shares of common stock to BHP. Additionally, the company entered into an Exchange Agreement with Jefferson Street Capital LLC, exchanging a warrant and a convertible promissory note for 650,000 shares of common stock.

N/A 0
Jul 20, 2020

8-K filing: The company entered into a Subscription Agreement with Alpha Capital Anstalt, issuing 2,000,000 shares of common stock for $160,000, and also entered into a Securities Purchase Agreement for the sale of a convertible promissory note in the principal amount of $200,000 and issued a warrant to purchase 2,000,000 shares of common stock. ($0.16M proceeds)

N/A 0
Jun 08, 2020

8-K filing: The company entered into a Subscription Agreement with Alpha Capital Anstalt, issuing and selling 2,500,000 shares of common stock for $200,000, and also entered into a Securities Purchase Agreement with the same purchaser for the sale of a convertible promissory note in the principal amount of $250,000, issuing a warrant to purchase 2,500,000 shares of common stock. ($0.2M proceeds)

N/A 0
May 26, 2020

8-K filing: The company issued 2,000,000 shares of common stock to Alpha Capital Anstalt for $160,000, and also entered into a Securities Purchase Agreement for a convertible promissory note and issued a warrant to purchase 2,000,000 shares of common stock. ($0.16M proceeds)

N/A 0
May 12, 2020

8-K filing: iQSTEL's majority-owned subsidiary, loT Labs, LLC, entered into an agreement to purchase 100% of the equity and certain assets of loT Labs MX SAPI for $550,000, with the seller having the right to request payment in iQSTEL shares at $2.00 per share for $150,000 of the payments.

N/A 0
Mar 30, 2020

8-K filing: Metrospaces, Inc. returned 5,144,123 shares of common stock to CEO, Leandro Iglesias, representing 11.54% of the outstanding common stock, resulting in a change of control.

N/A 0
Feb 25, 2020

8-K filing: iQSTEL Inc. entered into a Memorandum of Understanding and Shareholders Agreement with Miguel Scavo and Leandro Iglesias to form a joint venture named ITSBCHAIN, LLC, where Mr. Scavo will contribute intellectual property in exchange for $80,000 in cash and $50,000 in iQSTEL common stock valued at $1.30 per share. ($0.05M proceeds)

N/A 0
Feb 13, 2020

8-K filing: The company amended a Securities Purchase Agreement with Labrys Fund, LP, involving the reservation of 5,000,000 shares of common stock under a convertible promissory note, with additional reservations planned and cash payments to be made.

N/A 0
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