secwatch.observer — SEC 8-K summary
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Issuer:     SPECTRAL CAPITAL Corp (FCCN)
CIK:        0001131903
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0001096906-24-001870
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral Capital acquires Quantomo for $8.135M in stock and cash, gaining quantum search tech
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- Acquired 100% of Quantomo shares for 2M newly issued common shares and $135K cash; total price $8.135M.
- Quantomo develops quantum tomography algorithms for search, claiming exponential speedups over classical methods.
- Closing expected by Dec 10, 2024, subject to board approval, regulatory clearances, and due diligence.
- Technology integrates with Spectral's Quantum Bridge and Vogon Cloud DQLDB for decentralized, context-aware search.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624001870/0001096906-24-001870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624001870/fccn-20240910.htm
  HTML page:      https://secwatch.observer/filing/0001096906-24-001870

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