secwatch.observer — SEC 8-K summary
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Issuer:     SPECTRAL CAPITAL Corp (FCCN)
CIK:        0001131903
Form:       8-K/A
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0001096906-26-000327
Event type: m_and_a
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131903/000109690626000327/0001096906-26-000327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131903/000109690626000327/fccn-20251229_8kz.htm
  HTML page:      https://secwatch.observer/filing/0001096906-26-000327

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