iQSTEL Inc (IQST)

[technicolor turncoat]

NEW YORK, NY, April 14, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (IQST) announces the execution of a 51% acquisition agreement for an Austin-based US-Mexico SMS service provider.

They acquired a majority stake in a $29m company. That is a material event.
Being a subsidiary of the purchasing company or not has no bearing.


"An 8-K is sometimes called a "current report" as it provides a snapshot of a material event and must be filed with the SEC within four business days of the event. (Compare that to a 10-K, which often is released months after the end of the fiscal year.)"

https://www.fool.com/investing/general/2015/06/16/form-8-k-things-you-need-to-know-about-companies-w.aspx


Looks like Monday is when it is due. SEC may ask for an audit as well which will be a plus to see :)