Spectral Capital Corp. Enters Material Definitive Agreement

TL;DR

Spectral Capital Corp. signed a big deal on 9/27/24. Details in new 8-K.

AI Summary

On September 27, 2024, Spectral Capital Corp. entered into a material definitive agreement. The company, incorporated in Nevada with its principal executive offices in Seattle, WA, filed this 8-K report on October 1, 2024. The filing details the entry into a material definitive agreement and includes financial statements and exhibits.

Why It Matters

This filing indicates a significant new contract or partnership for Spectral Capital Corp., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new risks and opportunities, the specifics of which are not detailed in this initial filing.

Key Numbers

• 000-50274 — SEC File Number (Identifies the company's filing history with the SEC.)

Key Players & Entities

• SPECTRAL CAPITAL Corp (company) — Registrant
• September 27, 2024 (date) — Date of earliest event reported
• October 1, 2024 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation
• Seattle, WA (location) — Business address

FAQ

Key Financial Figures

• $3.00 — ompany at a per share purchase price of $3.00. The Subscription Agreement originally
• $2.50 — ompany at a per share purchase price of $2.50. The Subscription Agreement originally

Filing Documents

• fccn-20240927.htm (8-K) — 25KB
• fccn_ex10z1.htm (EX-10.1) — 4KB
• fccn_ex10z5.htm (EX-10.5) — 4KB
• fccn_ex99z1.htm (EX-99.1) — 8KB
• fccn_ex99z2.htm (EX-99.2) — 8KB
• 0001096906-24-001942.txt ( ) — 190KB
• fccn-20240927_def.xml (EX-101.DEF) — 2KB
• fccn-20240927_lab.xml (EX-101.LAB) — 20KB
• fccn-20240927_pre.xml (EX-101.PRE) — 13KB
• fccn-20240927.xsd (EX-101.SCH) — 2KB
• fccn-20240927_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On September 27, 2024, Spectral Capital Corporation, a Nevada corporation (the "Company", "we", "our" or "us" ) provided an extension of the Subscription Agreement (the " Subscription Agreement ") with Spark Market, LLC (" Subscriber "), a product of Mundial Financial, a FINRA registered broker dealer, that extended the previous Subscription Agreement entered into between the Parties and updated certain information. The Subscription Agreement provides that the Subscriber may purchase up to 5,000,000 common shares of the Company at a per share purchase price of $3.00. The Subscription Agreement originally was entered into on July 8, 2024 and expired on September 1, 2024. The Company has elected to extend the original term of the Subscription Agreement for 90 days through November 30, 2024 and to update some associated representations by the Company. The Subscription Agreement and the extension to the Subscription Agreement are attached as exhibits hereto. On September 30, 2024, the Company provided an extension of the Subscription Agreement (the " Subscription Agreement ") with Ras al Khaimah Investment and Development Co LLC (" RAKINI ") that extended the previous Subscription Agreement entered into between the Parties and updated certain information. The Subscription Agreement provides that the Subscriber may purchase up to 6,000,000 common shares of the Company at a per share purchase price of $2.50. The Subscription Agreement originally was entered into on August 23, 2024 and expired on September 22, 2024. The Company has elected to extend the original term of the Subscription Agreement for another 30 days through October 22, 2024 and to update some associated representations by the Company. The Subscription Agreement and the extension to the Subscription Agreement are attached as exhibits hereto.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 10.1 Subscription Agreement with SparkMarket LLC and Extension 10.5 Subscription Agreement with Ras al Khaimah Investment and Development Co LLC and Extension 99.1 Press Release issued by Spectral Capital Corporation on September 27, 2024 99.2 Press Release issued by Spectral Capital Corporation on September 30, 2024 104 Cover Page Interactive Data (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SPECTRAL CAPITAL CORPORATION Date: October 1, 2024 By: /s/ Jenifer Osterwalder Name: Jenifer Osterwalder Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR