SPECTRAL CAPITAL Corp (FCCN): M&A transaction — Spectral acquires analytic tomography IP from Quantomo for 2M shares and €120K

SPECTRAL CAPITAL Corp

2,000,000 common shares (board approval pending, to be issued within 30 days) plus €120,000 cash paid for IP.
IP is analytic tomography technology for accelerating data access in classical, hybrid, and quantum systems.
Shares subject to 36-month lock-up; board may release early at its discretion.
Post-acquisition common shares outstanding: 83,742,516; stock trades OTCQB under FCCN.
Acquisition closed Dec 26, 2024; IP transferred free of liens and encumbrances.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SPECTRAL CAPITAL Corp completed an acquisition involving Quantomo, OÜ for 2,000,000 common shares of Spectral and 120,000 Euros (closed 2024-12-26).

Action: acquisition
Counterparty: Quantomo, OÜ
Consideration: 2,000,000 common shares of Spectral and 120,000 Euros
Closing: 2024-12-26

Exact text from the filing

corporation (“ Seller ”), whereby the Company agreed to acquire from the Seller, and Seller agreed to sell to the Company, 100% of the Seller’s outstanding shares in exchange for 2,000,000 newly issued shares (the “ Exchange Shares ”) of the Company’s common stock, $.0001 par value (the “ Common Stock ”) and a one-time cash payment of $135,000 or (120,000 Euros).

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Source: SEC EDGAR

accession 0001096906-24-002314

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