M&A
confidence high
sentiment neutral
materiality 0.50
Spectral Capital amends share exchange with Node Nexus; closing extended to Aug 31, 2024
SPECTRAL CAPITAL Corp
- Closing deadline moved to August 31, 2024; earlier date removed.
- 45 million common shares (40M exchange + 5M financing) placed in escrow with Pacific Stock Transfer.
- Escrow shares to be cancelled if $1M subscription funds and closing conditions not met by Aug 31.
- Parties entered a licensing agreement for Node Nexus IP: DQ-LDB, decentralized cloud, AI technologies.
- Intellectual property representations and escrow release procedures added to the agreement.