---
schema_version: "secwatch.filing_event.v1"
accession: "0001096906-25-000708"
form_type: "8-K"
ticker: "FCCN"
cik: "0001131903"
company_name: "SPECTRAL CAPITAL Corp"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T07:03:06.967009+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001096906-25-000708
- form_type: 8-K
- ticker: FCCN
- cik: 0001131903
- company_name: SPECTRAL CAPITAL Corp
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 4.01, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1131903/000109690625000708/0001096906-25-000708-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1131903/000109690625000708/fccn-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096906-25-000708
- JSON: https://secwatch.observer/filing/0001096906-25-000708.json
- Plain text: https://secwatch.observer/filing/0001096906-25-000708.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.