secwatch.observer — SEC 8-K summary
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Issuer:     SPECTRAL CAPITAL Corp (FCCN)
CIK:        0001131903
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0001096906-24-001821
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral Capital acquires Node Nexus, issues convertible preferred; change of control
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- Completed acquisition of 100% of Node Nexus Network Co LLC; issued 1M Series Quantum Preferred shares (convertible to 40 common each after 12 months).
- Target shareholder Sean Brehm bought 5,050,000 common shares at $0.20/share ($1,010,000); cash on hand $491,657 as of Aug 25, 2024.
- Post-closing: 67,699,516 common shares outstanding; 1,000,000 Series Quantum Preferred shares outstanding.
- Revenue $0 for H1 2024; operating loss $143,093; Node Nexus had $0 revenue and $0 operating loss.
- Business plans focus on quantum computing cloud services (Vogon Cloud, QuantumVM); no current revenue; dependent on future financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624001821/0001096906-24-001821-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624001821/fccn-20240828.htm
  HTML page:      https://secwatch.observer/filing/0001096906-24-001821

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