---
schema_version: "secwatch.filing_event.v1"
accession: "0001096906-25-001691"
form_type: "8-K/A"
ticker: "FCCN"
cik: "0001131903"
company_name: "SPECTRAL CAPITAL Corp"
filed_at: "2025-10-15T23:59:59+00:00"
generated_at: "2026-05-17T03:41:09.644817+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Spectral Capital files 42 Telecom audited FY2024: revenue $26.1M, net income $524k

## Summary
- 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.

## SEC filing metadata
- accession: 0001096906-25-001691
- form_type: 8-K/A
- ticker: FCCN
- cik: 0001131903
- company_name: SPECTRAL CAPITAL Corp
- filed_at: 2025-10-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01, 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1131903/000109690625001691/0001096906-25-001691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1131903/000109690625001691/fccn-20250801_8kz.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096906-25-001691
- JSON: https://secwatch.observer/filing/0001096906-25-001691.json
- Plain text: https://secwatch.observer/filing/0001096906-25-001691.txt

## Source-grounded claims
- claim_id: 271f7c3b24ed71af0b511e2bfcf748e0e7de7c38
  claim: SPECTRAL CAPITAL Corp completed an acquisition involving 42 Telecom, Ltd..
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1131903/000109690625001691/0001096906-25-001691-index.htm

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