IQSTEL Inc. $(IQST)$, a leader in telecommunications and emerging technologies, has announced a definitive agreement to acquire a 51% stake in GlobeTopper, a fintech innovator with operations across America, Europe, and Africa. The transaction, effective July 1, 2025, marks a significant step in IQSTEL's plan to reach $1 billion in revenue by 2027. The deal is valued at up to $700,000, including staged cash payments and IQSTEL common stock. GlobeTopper will continue to be led by CEO Craig Span as it integrates into IQSTEL's Fintech Division. This acquisition enables IQSTEL to expand its fintech footprint globally and tap into GlobeTopper's existing client base, which includes prominent multinational brands.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.