secwatch.observer — SEC 8-K summary
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Issuer:     SPECTRAL CAPITAL Corp (FCCN)
CIK:        0001131903
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001096906-24-001584
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral Capital amends share exchange with Node Nexus; closing extended to Aug 31, 2024
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624001584/0001096906-24-001584-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624001584/fccn-20240722.htm
  HTML page:      https://secwatch.observer/filing/0001096906-24-001584

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer