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NOTE 12 – SUBSEQUENT EVENT
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
NOTE 12 – SUBSEQUENT EVENT

NOTE 12 – SUBSEQUENT EVENT

 

Subsequent to September 30, 2021 and through the date that these financials were made available, the Company had the following subsequent events:

  

On October 1st, 2021, the Company executed the acquisition of the remaining 49% of QGlobal SMS from Jesus Vega. As for the execution of this Amendment, Jesus Vega will receive US$100,000.00 in iQSTEL shares, which could be sold after six months from its issuance date. IQSTEL has up to 90 days to issue the shares. This issuance is conditioned to the transfer of the business to iQSTEL. 

On August 25, 2021, the Board authorized the creation of an Audit Committee (the “Audit Committee”). Raul Perez (chair), Italo Segnini and Jose Antonio Barreto were appointed to serve on the Audit Committee. Each of Messrs Perez, Segnini and Barreto have been determined by the Board to be independent directors within the meaning of NASDAQ Rule 5605. Mr. Perez was identified and designated by the Board as an “audit committee financial expert,” as defined by the SEC in Item 407 of Regulation S-K. The Board has also adopted a charter for the Audit Committee.