Spectral Capital dismisses auditor; financial statements for Q1-Q3 2024 require restatement due to accounting errors.

SPECTRAL CAPITAL Corp

Company dismissed MG&A as auditor and engaged RBSM effective April 30, 2025.
MG&A notified company of accounting errors in prepaid assets, amortization, debt extinguishment, and unaccounted expenses.
MG&A concluded errors materially impact Q1, Q2, Q3 2024 financial statements requiring restatement.
Prior auditor reports: FY2023 had going concern doubt; FY2024 had adverse opinion on accounting matter.
10-K for FY2024 filing is delayed; company further investigating accounting errors.

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