Nexans share offer books are covered1 terms

Nexans share offer books are covered1 terms

IQSTEL Inc. (NASDAQ: IQST) and Cycurion Inc. (NASDAQ: CYCU) have executed a $1 million stock exchange, marking a significant step in their strategic alliance to build a next-generation AI-driven cybersecurity powerhouse. The agreement, announced on September 3, 2025, involves each company issuing $1 million worth of its common stock to the other [1].

Under the terms of the agreement, the number of shares to be issued will be calculated by dividing $1,000,000 by the applicable per-share price of the issuing company’s common stock. The per-share price will be the lower of the Nasdaq Official Closing Price on the trading day immediately preceding the execution of the agreement or the average Nasdaq Official Closing Price over the five consecutive trading days immediately preceding September 2, 2025 [1].

The stock exchange aims to create strategic cross-ownership by distributing up to 50% of the received shares as a stock dividend to respective shareholders. IQSTEL shareholders will receive Cycurion shares as a dividend, while Cycurion shareholders will receive IQSTEL shares. This dividend distribution effectively transforms investors of each company into co-owners of both businesses, fostering stronger alignment and reinforcing the alliance’s long-term potential [1].

Leandro Iglesias, CEO of IQSTEL, commented, "By delivering immediate value through the planned dividend distribution and aligning our equity structures, we are setting a new standard for collaboration in AI-driven cybersecurity and connectivity." L. Kevin Kelly, CEO of Cycurion, added, "Finalizing this stock exchange unlocks the next phase of our collaboration. As equity partners, our strengths in U.S. government markets and global telecom will create powerful synergies for innovation and growth" [1].

The alliance will leverage IQSTEL’s global business platform in telecommunications, fintech, AI, and digital services, and Cycurion’s deep expertise in AI-driven cybersecurity. Together, they plan to develop and launch state-of-the-art AI-driven cybersecurity solutions, cross-sell services, and accelerate product innovation through integrated R&D efforts [1].

Looking ahead, IQSTEL and Cycurion continue to explore opportunities for deeper collaboration, including joint ventures and expanded AI R&D, designed to scale revenues and capture additional market share [1].

References:
[1] https://www.manilatimes.net/2025/09/03/tmt-newswire/globenewswire/iqstel-and-cycurion-execute-1-million-stock-exchange-announce-dividend-distribution-and-strategic-ai-cybersecurity-alliance/2178279