Business Context and Reporting Period
This Form 8-K was filed by iQSTEL Inc (formerly PureSnax International, Inc.) on August 30, 2018. The report details corporate governance changes approved by the board of directors and a majority of shareholders, effective as of the filing date.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate structural amendments rather than financial performance.
Material Changes
- Corporate Name Change: The company changed its name from PureSnax International, Inc. to iQSTEL Inc.
- Capital Structure Adjustment: Authorized common stock was decreased to 100,000,000 shares with a par value of $0.001 per share.
- Preferred Stock Cancellation: All authorized preferred stock was cancelled.
- Trading Symbol and CUSIP: The company adopted the new trading symbol "IQST" and a new CUSIP number (46265G107). The market effective date for these changes is August 30, 2018.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document serves solely to notify the SEC of the amendments to the Articles of Incorporation.
Key Facts for Investor Verification
- Verify the new trading symbol "IQST" and CUSIP "46265G107" on brokerage platforms effective August 30, 2018.
- Confirm the reduction in authorized common stock to 100,000,000 shares.
- Review the attached Certificate of Amendment (Exhibit 3.1) filed with the Nevada Secretary of State on August 7, 2018.
- Note that the company is no longer operating under the name PureSnax International, Inc.