In a strategic move aimed at bolstering its financial position and focusing on high-growth sectors, iQSTEL Inc. (OTCQX: IQST) has announced the sale of its blockchain-based subsidiary, ItsBchain LLC, to Accredited Solutions, Inc. (OTC: ASII). This transaction is part of iQSTEL’s broader strategy to enhance shareholder value and streamline its operations in preparation for a major exchange listing.
iQSTEL has sold its 75% stake in ItsBchain for a total consideration of $1 million, exceeding its initial investment in the subsidiary. The deal is structured as $500,000 in ASII preferred shares and $500,000 in ASII common shares, which will be registered in a resale offering filed with the SEC. This strategic monetization not only strengthens iQSTEL’s balance sheet but also allows the company to concentrate on its core high-margin business areas: Telecom, Fintech, AI, and Cybersecurity.
As part of its commitment to maximizing shareholder value, iQSTEL plans to distribute the ASII common shares received from the sale as a dividend to its shareholders. This move rewards current investors and aligns with iQSTEL’s efforts to enhance shareholder participation and liquidity. According to Leandro Iglesias, President & CEO of iQSTEL, “This transaction marks a key milestone in our strategic roadmap,” as it allows the company to profitably monetize a non-core subsidiary while rewarding shareholders.
By divesting its stake in ItsBchain, iQSTEL is positioned to focus more intently on its core sectors. The company will retain a 1% lifetime royalty on ItsBchain’s total sales, ensuring continued long-term value from the business. This strategic realignment is crucial as iQSTEL actively pursues acquisitions, partnerships, and corporate realignments to bolster its valuation and market positioning, particularly in preparation for transitioning to a major national exchange.
The definitive purchase agreement for the sale is expected to be finalized by July 1, 2025, with a $250,000 penalty clause to ensure ASII’s commitment to completing the transaction. Both iQSTEL and ASII will keep shareholders informed through regular updates.
iQSTEL is projecting $340 million in revenue for FY-2025, building on its robust business platform. The company’s strategic initiatives, including this sale, are designed to support its ambitious growth plans, including reaching $1 billion in revenue by 2027. With a strong foundation in 20 countries and a focus on high-margin services, iQSTEL is poised for significant expansion in the global technology landscape. The company’s ongoing efforts to list on a major exchange, such as Nasdaq, underscore its commitment to long-term growth and innovation.
