Spectral Capital Corp. Files 8-K: Material Agreement & Equity Sales
Ticker: FCCN · Form: 8-K · Filed: Oct 16, 2025 · CIK: 1131903
| Field | Detail |
|---|---|
| Company | Spectral Capital Corp (FCCN) |
| Form Type | 8-K |
| Filed Date | Oct 16, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.30, $1,300,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, financial-statements
TL;DR
Spectral Capital Corp. signed a big deal and sold some stock, filing it all on Oct 16th.
AI Summary
On October 15, 2025, Spectral Capital Corp. entered into a material definitive agreement. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. The filing was made on October 16, 2025.
Why It Matters
This 8-K filing indicates significant corporate actions, including a material definitive agreement and equity sales, which could impact the company's financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing involves a material definitive agreement and unregistered equity sales, which can introduce financial and regulatory risks.
Key Numbers
- 20251015 — Report Date (Date of earliest event reported)
- 20251016 — Filing Date (Date the 8-K was filed with the SEC)
Key Players & Entities
- SPECTRAL CAPITAL Corp (company) — Registrant
- October 15, 2025 (date) — Earliest event reported
- October 16, 2025 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- 000-50274 (file_number) — SEC File Number
FAQ
What is the nature of the material definitive agreement entered into by Spectral Capital Corp. on October 15, 2025?
The filing does not specify the details of the material definitive agreement, only that one was entered into on October 15, 2025.
What type of equity securities were sold by Spectral Capital Corp. under the unregistered sales provision?
The filing mentions unregistered sales of equity securities but does not provide specific details about the type or amount of securities sold.
Are the financial statements and exhibits filed with this 8-K publicly available?
Yes, the filing indicates that financial statements and exhibits were included as part of this 8-K filing.
What was Spectral Capital Corp.'s former name prior to its name change on August 13, 2010?
Prior to August 13, 2010, Spectral Capital Corp. was formerly known as SPECTRA CAPITAL Corp.
What is the primary business of Spectral Capital Corp. according to its SIC code?
Spectral Capital Corp.'s Standard Industrial Classification (SIC) code is 7374, which corresponds to SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Stats: 879 words · 4 min read · ~3 pages · Grade level 14.4 · Accepted 2025-10-16 17:03:35
Key Financial Figures
- $1.30 — its common stock at a purchase price of $1.30 per share, resulting in gross proceeds
- $1,300,000 — e, resulting in gross proceeds of up to $1,300,000. The Private Placement was made to accr
Filing Documents
- fccn-20251015_8k.htm (8-K) — 27KB
- fccn_ex10z1.htm (EX-10.1) — 13KB
- fccn_ex10z2.htm (EX-10.2) — 55KB
- fccn_ex99z1.htm (EX-99.1) — 8KB
- 0001096906-25-001698.txt ( ) — 244KB
- fccn-20251015_def.xml (EX-101.DEF) — 2KB
- fccn-20251015_lab.xml (EX-101.LAB) — 20KB
- fccn-20251015_pre.xml (EX-101.PRE) — 13KB
- fccn-20251015.xsd (EX-101.SCH) — 2KB
- fccn-20251015_8k_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On October 15, 2025, Spectral Capital Corporation (the "Company") entered into an Asset Purchase Agreement (the "Agreement") with Eliznikcomp O, an Estonian corporation ("Eliznikcomp"). Pursuant to the Agreement, the Company acquired all right, title, and interest in and to twenty-one (21) patentable innovations related to native Artificial Intelligence (AI) Operating Systems developed in a Linux environment, together with processes for optimizing field programmable gate arrays (FPGAs), as well as technology related to security and multi-application remote synchronization (collectively, the "Assets"). As consideration for the Assets, the Company issued an aggregate of Nine Million (9,000,000) shares of its common stock to the shareholders of Eliznikcomp as directed by Eliznikcomp. The signing and closing of the transaction occurred simultaneously on October 15, 2025. The Asset Purchase Agreement contains customary representations and warranties by both parties and provides for the immediate transfer of ownership of the Assets to the Company. The transaction is expected to strengthen the Company's portfolio of artificial intelligence technologies and support the development of its native AI operating system initiatives.
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities Concurrently with the execution of the Asset Purchase Agreement, the Company conducted a private placement of its common stock (the "Private Placement") pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder. The Company offered up to One Million (1,000,000) shares of its common stock at a purchase price of $1.30 per share, resulting in gross proceeds of up to $1,300,000. The Private Placement was made to accredited investors without the use of general solicitation or advertising. The proceeds of the Private Placement will be used for general corporate and working capital purposes. Cautionary Note Regarding Forward-Looking Statements This Report includes statements that express Spectral's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "seeks," "projects," "intends," "plans," "may" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this Report (including in information that is incorporated by reference into this Report) and include statements regarding Spectral's intentions, beliefs or current expectations concerning, among other things, the results of operations, financial condition, liquidity, prospects, growth, and strategies of Spectral and the markets in which Spectral operates. Such forward-looking statements are based on available current market material and management's expectations, beliefs and forecasts concerning future events impacting Spectral.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 10.1 Asset Purchase Agreement between Spectral Capital Corporation and Eliznikcomp O, dated October 15, 2025. 10.2 Subscription Agreement relating to the Private Placement dated October 2, 2025. 99.1 Board Resolution approving the Asset Purchase and Private Placement dated October 15, 2025 104 Cover Page Interactive Data (embedded within the Inline XBRL document). SIGNATURE 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 16, 2025 By: /s/ Jenifer Osterwalder Name: Jenifer Osterwalder Title: Chief Executive Officer, President