SPECTRAL CAPITAL Corp (FCCN): M&A transaction — Spectral Capital files 42 Telecom audited FY2024: revenue $26.1M, net income $524k

SPECTRAL CAPITAL Corp

42 Telecom FY2024 total revenue $26.1M (up 38% from $18.9M in FY2023); net income $524k vs loss $690k.
Gross profit improved to $3.3M (12.6% margin) from $1.8M (9.3% margin) in FY2023.
Related-party revenue surged to $9.5M (36% of total) from $2.0M in FY2023.
As of Dec 31, 2024: total assets $5.0M, total liabilities $3.7M, stockholders' equity $1.3M.

item 9.01 item 2.01

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 42 Telecom, Ltd..

Action: acquisition
Counterparty: 42 Telecom, Ltd.

Exact text from the filing

Spectral completed the acquisition of 100% of the issued and outstanding share capital of 42 Telecom in exchange for the issuance of 8,000,000 shares of common stock of Spectral and the placement of an additional 8,000,000 shares into escrow

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9 m&a transactions filed in the last 30 days. Browse all m&a transactions →

SPECTRAL CAPITAL Corp filing history →

Source: SEC EDGAR

accession 0001096906-25-001691

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