Spectral Capital completes Telvantis Voice acquisition; acquired co. revenue collapsed 90% in 2024

SPECTRAL CAPITAL Corp

Acquisition of 100% of Telvantis Voice Services effective Dec 31, 2025; financial statements now filed.
Acquired co. revenue fell from $215.4M in 2023 to $22.5M in 2024 due to halt in working capital financing.
Net income was $3.4M in 2024 (vs $0.9M in 2023) boosted by $5.5M other income; operating loss of $2.1M.
Working capital deficit of $1.1M; cash only $48K; going concern note highlights reliance on recent working capital restructuring.
Pro forma financials included; goodwill $1.6M and intangible assets $9.5M on acquired co. balance sheet.

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