secwatch.observer — SEC 8-K summary
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Issuer:     SPECTRAL CAPITAL Corp (FCCN)
CIK:        0001131903
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0001096906-24-001386
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 3.02, 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral Capital grants 6.75M options, Brehm to own ~42% after Node Nexus deal
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- Board approved up to 6,750,000 options at $0.43 per share to five directors and two officers.
- Sean Michael Brehm receives 3,000,000 options (125,000/month vesting); CEO Osterwalder also gets 3,000,000.
- Brehm to acquire 40M shares for Node Nexus (per prior 8-K) and buy 5M more for $1M, yielding ~41.91% control.
- Options vest monthly over 24 months with immediate vesting upon change of control or termination without cause.
- Exercise price is $0.43 per share; options expire 10 years from grant date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624001386/0001096906-24-001386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624001386/fccn-20240612.htm
  HTML page:      https://secwatch.observer/filing/0001096906-24-001386

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