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Item 5. Market for Registrant’s Common Equity

2026-04-06 compared with 2025-03-31 · 62 added, 86 removed, 3 unchanged (98% of the section changed)

Market for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities

common stock is quoted under the symbol “IQST” on the OTCQX operated by OTC Markets Group, Inc.

Only a limited market

exists for our securities.

There is no assurance that a regular trading market will develop, or if developed, that it will be sustained.

Therefore, a stockholder may be unable to resell his securities in our company.

following tables set forth the range of high and low bid information for our common stock for each of the periods indicated as reported

by the OTCQX.

These quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent

actual transactions.

Market for Registrant’s

Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities

Market Information

Our common stock is listed on The Nasdaq Capital

Market under the symbol “IQST”, where it has traded since May 14, 2025.

Prior to that date, our common stock was quoted on

the OTCQX marketplace.

The Company did not repurchase any shares of its

common stock during the fiscal year ended December 31, 2025.

The following table sets forth the high and low sales

prices per share of our common stock for the periods indicated.

These prices reflect inter-dealer prices, without retail mark-up, markdown

or commission, and may not necessarily represent actual transactions.

Year Ending December 31, 2025

December 31, 2024

September 30, 2024

June 30, 2024

March 31, 2024

Year Ending December 31, 2024

December 31, 2023

September 30, 2023

June 30, 2023

March 31, 2023

2025, the last sales price per share of our common stock was $0.1477.

SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks.

Penny stocks are generally

equity securities with a market price of less than $5.00, other than securities registered on certain national securities exchanges or

quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in such securities is provided

by the exchange or system.

The penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized

risk disclosure document prepared by the SEC, that:

(a) contains a description of the nature and level of risk in the market for penny

stocks in both public offerings and secondary trading;

(b) contains a description of the broker's or dealer's duties to the customer

and of the rights and remedies available to the customer with respect to a violation of such duties or other requirements of the securities

(c) contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance

of the spread between the bid and ask price;

(d) contains a toll-free telephone number for inquiries on disciplinary actions;

significant terms in the disclosure document or in the conduct of trading in penny stocks;

and (f) contains such other information and

is in such form, including language, type size and format, as the SEC shall require by rule or regulation.

broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with (a) bid and offer quotations

for the penny stock;

(b) the compensation of the broker-dealer and its salesperson in the transaction;

such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock;

(d) a monthly account statement showing the market value of each penny stock held in the customer's account.

addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules, the broker-dealer

must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's

written acknowledgment of the receipt of a risk disclosure statement, a written agreement as to transactions involving penny stocks,

and a signed and dated copy of a written suitability statement.

disclosure requirements may have the effect of reducing the trading activity for our common stock.

Therefore, stockholders may have difficulty

selling our securities.

of Our Common Stock

of March 24, 2025, we had 210,710,170 shares of our common stock issued and outstanding, held by approximately 79 stockholders

of record at our transfer agent, with additional stockholders holding our shares in street name.

currently intend to retain future earnings for the operation of our business.

We have never declared or paid cash dividends on our common

stock, and we do not anticipate paying any cash dividends in the foreseeable future.

the event that a dividend is declared, common stockholders on the record date are entitled to share ratably in any dividends that may

be declared from time to time on the common stock by our board of directors from funds legally available.

are no restrictions in our articles of incorporation or bylaws that restrict us from declaring dividends.

The Nevada Revised Statutes,

however, do prohibit us from declaring dividends where, after giving effect to the distribution of the dividend:

We would not be able to

pay our debts as they become due in the usual course of business;

Our total assets would

be less than the sum of our total liabilities, plus the amount that would be needed to satisfy the rights of stockholders who have

preferential rights superior to those receiving the distribution.

Authorized for Issuance under Equity Compensation Plans

do not have an equity compensation plan.

Sales of Unregistered Securities

the year ended December 31, 2024, the Company issued 30,847,055 shares of common stock and had a stock payable of 285,000 shares

at year end, valued at fair market value on issuance as follows:

600,000 shares for compensation to our directors valued at $141,025;

3,007,173 shares for settlement of debt valued at $483,670;

3,535,354 shares in conjunction with convertible notes valued at $597,777;

10,000,000 shares for exercise of warrants for $1,100,000;

6,106,061 shares for conversion of debt of $671,666

2,450,000 shares issued for cash of $100,000

646,467 shares for the extension of debt valued at $116,364

4,502,000 shares for conversion of Series B Preferred Stock

285,000 shares of stock payable for service valued at $82,194 recorded as additional paid in capital as of December 31, 2024.

Shares were issued on January 16, 2025.

securities were issued pursuant to Section 4(2) of the Securities Act and/or Rule 506 promulgated thereunder.

The holders represented

their intention to acquire the securities for investment only and not with a view towards distribution.

The investors were given adequate

information about us to make an informed investment decision.

On March 31, 2026, the last sales price per share of our common stock

Holders of Our Common Stock

As of March 31, 2026, we had 5,070,743 shares of

our common stock issued and outstanding, held by approximately 82 stockholders of record at our transfer agent, with additional stockholders

holding our shares in street name.

We currently intend to retain future earnings

for the operation of our business.

We have never declared or paid cash dividends on our common stock, and we do not anticipate paying

any cash dividends in the foreseeable future.

In the event that a dividend is declared,

common stockholders on the record date are entitled to share ratably in any dividends that may be declared from time to time on the common

stock by our board of directors from funds legally available.

There are no restrictions in our articles of incorporation

or bylaws that restrict us from declaring dividends.

The Nevada Revised Statutes, however, do prohibit us from declaring dividends where,

after giving effect to the distribution of the dividend:

be able to pay our debts as they become due in the usual course of business;

Our total assets

would be less than the sum of our total liabilities, plus the amount that would be needed to satisfy the rights of stockholders who

have preferential rights superior to those receiving the distribution.

Securities Authorized for Issuance under Equity

Compensation Plans

We do not have an equity compensation plan.

Recent Sales of Unregistered Securities

During the year ended December 31, 2025, the Company

issued 2,130,808 shares of common stock valued at fair market value on issuance as follows:

shares for conversion of Series D Preferred Stock;

7,500 shares for compensation

to our directors valued at $81,813;

1,271,720 shares for

conversion of debt of $5,640,893;

264,980 shares for settlement

of debt of $1,886,658;

32,400 shares for service

valued at $223,200;

3,563 shares for common

stock payable value at $82,194;

75,529 shares for stock

dividend valued at $500,000;

(9) shares for reverse

stock split adjustment.

These securities were issued pursuant to Section

4(2) of the Securities Act and/or Rule 506 promulgated thereunder.

The holders represented their intention to acquire the securities

for investment only and not with a view towards distribution.

The investors were given adequate information about us to make an informed

investment decision.

We did not engage in any general solicitation or advertising.

our transfer agent to issue the stock certificates with the appropriate restrictive legend affixed to the restricted stock.

We directed our transfer agent to issue the stock

certificates with the appropriate restrictive legend affixed to the restricted stock.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity