secwatch.observer — SEC 8-K summary
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Issuer:     SPECTRAL CAPITAL Corp (FCCN)
CIK:        0001131903
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0001096906-24-002279
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral Capital acquires plasmonics IP from Verdant Quantum for 10M shares; appoints Dr. Cohen CTO
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- Acquired plasmonics/quantum nanophotonics IP from Verdant Quantum in exchange for 10M common shares; post-deal shares outstanding ~81.7M.
- Dr. Moshik Cohen appointed CTO with $240k salary, up to $1M bonus, and options to purchase 2M shares vesting over 4 years.
- Technology enables near-light-speed data transfer, low power consumption, and room-temperature operation, per company.
- Upon NASDAQ/NYSE listing, Spectral commits to invest $25M into Verdant IL on milestone basis with mutually agreed budget.
- Company transitions from QaaS to deep-tech holding company with practical quantum computing IP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624002279/0001096906-24-002279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624002279/fccn-20241215.htm
  HTML page:      https://secwatch.observer/filing/0001096906-24-002279

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