secwatch.observer — SEC 8-K summary
======================================

Issuer:     SPECTRAL CAPITAL Corp (FCCN)
CIK:        0001131903
Form:       8-K
Filed at:   2025-10-08T23:59:59+00:00
Accession:  0001096906-25-001655
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral signs binding term sheets to acquire Snack Prompt and MultiCortex for up to 20M shares
--------------------------------------------------------------------------------

- Snack Prompt acquisition: 10M shares (1.5M initial + 8.5M earn-out) and up to $5M investment; $4M ARR milestone for earn-out.
- MultiCortex acquisition: 10M shares (1.5M initial + 8.5M earn-out) and up to $15M investment after PCAOB audit and Nasdaq uplist.
- Snack Prompt founder Eder Teixeira to receive $175K base salary plus 50% bonus; CMO designee at $10K/month.
- MultiCortex term sheet includes 12-month lock-up, anti-dilution protections, and up to 40% equity for Brazilian defense subs.
- Both transactions are subject to due diligence, board approvals, definitive agreements, and audit conditions – no assurance of closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131903/000109690625001655/0001096906-25-001655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131903/000109690625001655/fccn-20251003_8k.htm
  HTML page:      https://secwatch.observer/filing/0001096906-25-001655

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