other material
confidence high
sentiment neutral
materiality 0.50
Spectral Capital issues 6.9M earn-out shares after Telvantis acquisition milestones met
SPECTRAL CAPITAL Corp
- Board determined FY2026 earn-out milestones under Dec 2025 Purchase Agreement with Telvantis were achieved.
- Issued 6,924,700 unregistered shares to 4 holders: Daniel Contreras (57,400), OTUS LLC (1,041,000), MEXEDIA DAC (4,500,000), CODEVERSE LLC (1,326,300).
- Shares represent ~8.1% of outstanding post-issuance; total consideration issued is 7,924,700 of max 10M shares.
- Shares are subject to lock-up until Dec 31, 2026, then trickle-out at 4% per month; beneficial ownership cap at 4.9% (waivable to 9.99%).
- Issuance exempt from registration under Rule 506(b); each holder is an accredited investor.