secwatch.observer — SEC 8-K summary
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Issuer:     SPECTRAL CAPITAL Corp (FCCN)
CIK:        0001131903
Form:       8-K/A
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0001096906-25-000885
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 4.02, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral Capital restates FY2022-2023 and Q1-Q3 2024; auditor dismissed
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- April 30, 2025: dismissed MG&A as auditor, engaged RBSM immediately.
- May 6, 2025: Board concluded FY2022, FY2023, and interim 2023/2024 statements unreliable.
- Errors in consolidation of entities acquired from Sean Michael Brehm; records unauditable.
- MG&A cited errors in prepaid assets, amortization, debt extinguishment gains, and unaccounted expenses.
- Company will restate financials, rescind unauditable subsidiary transactions; FY2024 10-K delayed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131903/000109690625000885/0001096906-25-000885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131903/000109690625000885/fccn-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001096906-25-000885

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