secwatch.observer — SEC 8-K summary
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Issuer:     SPECTRAL CAPITAL Corp (FCCN)
CIK:        0001131903
Form:       8-K
Filed at:   2026-05-27T14:22:43+00:00
Accession:  0001096906-26-000861
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral Capital issues 6.9M earn-out shares after Telvantis acquisition milestones met
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131903/000109690626000861/0001096906-26-000861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131903/000109690626000861/fccn-20260522_8k.htm
  HTML page:      https://secwatch.observer/filing/0001096906-26-000861

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