IQST - IQSTEL and CYCU - CYCURION Strengthen Strategic Alliance by Retaining the Full $1,000,000 Worth of Cross-Holdings and Each Company Announces the One-Time Pro-Rata Distribution of approximately $500,000 of Their Own Shares to Their Own Shareholders

IQSTEL Inc. (Nasdaq: IQST) ("IQSTEL") and Cycurion Inc. (Nasdaq: CYCU) ("Cycurion") refer to the joint press release dated September 3, 2025, in which each company announced plans to distribute $500,000 worth of the other company's shares to its respective shareholders. To further solidify the strategic alliance between the two companies, IQSTEL and Cycurion today announce an updated approach:
Each company will instead distribute $500,000 worth of its own shares as a one-time, pro-rata dividend to its shareholders, while preserving the full $1,000,000 in cross-ownership shares. Following a coordinated review, IQSTEL and Cycurion agreed that issuing dividends in their own shares—rather than redistributing cross-held shares—provides a more streamlined, efficient, and value-enhancing structure for shareholders. The original cross-shareholding swap is expected to proceed next year once the shares meet seasoning requirements.... Read more