- Spectral Capital Corporation's (FCCN) newly acquired subsidiary, 42 Telecom Ltd., announced **audited financial results for fiscal year 2024**.  **[1131903_20251021CL03094:0]** 
- 42 Telecom achieved **$26.1 million in total revenue**, representing a **38% increase** from 2023, and returned to profitability with **Net Income of $524,000**.  **[1131903_20251021CL03094:0]** 
- The strong 2024 performance of 42 Telecom is expected to **positively contribute to Spectral's pending NASDAQ uplist application**.  **[1131903_20251021CL03094:0]** 
- 42 Telecom plans to **expand its service offerings** by integrating Spectral's intellectual-property and targeting the higher-margin U.S. SMS-based marketing sector.  **[1131903_20251021CL03094:0]**

Spectral Capital Subsidiary 42 Telecom Reports Strong FY 2024 Results

- Spectral Capital Corporation (FCCN) has executed a binding term sheet to acquire **100%** of Snack Prompt Corp., a marketplace for AI workflow automations serving small and medium-sized businesses.  **[1131903_0001096906-25-001655_fccn_ex10z1.htm:0]** **[1131903_0001096906-25-001655_fccn_ex99z1.htm:0]** **[1131903_0001096906-25-001655_fccn-20251003_8k.htm:1]** 
- The consideration for the acquisition consists of **10,000,000 shares** of Spectral common stock, including **1,500,000 initial shares** and up to **8,500,000 earn-out shares**.  **[1131903_0001096906-25-001655_fccn_ex10z1.htm:0]** **[1131903_0001096906-25-001655_fccn_ex99z1.htm:0]** **[1131903_0001096906-25-001655_fccn-20251003_8k.htm:1]** 
- Spectral will commit up to **$5,000,000** in growth capital to the Snack Prompt business unit, with **$700,000** released at closing for AI Newsletter development and **$1,500,000** for the growth budget.  **[1131903_0001096906-25-001655_fccn_ex10z1.htm:0]** **[1131903_0001096906-25-001655_fccn_ex99z1.htm:0]** **[1131903_0001096906-25-001655_fccn-20251003_8k.htm:1]** 
- The earn-out shares are tied to milestones, including achieving **$4,000,000** in Annual Recurring Revenue (ARR).  **[1131903_0001096906-25-001655_fccn_ex10z1.htm:0]** **[1131903_0001096906-25-001655_fccn-20251003_8k.htm:1]** 
- The transaction is subject to conditions such as completion of due diligence, PCAOB-certified audits of Snack Prompt's financial statements for fiscal years 2023 and 2024 and review through September 30, 2025, a valuation by a Top 10 Global Accounting Firm verifying a minimum valuation of **$20,000,000**, and a technology audit.  **[1131903_0001096906-25-001655_fccn_ex10z1.htm:0]** **[1131903_0001096906-25-001655_fccn_ex99z1.htm:0]** **[1131903_0001096906-25-001655_fccn-20251003_8k.htm:1]** **[1131903_0001096906-25-001655_fccn_ex10z1.htm:1]** **[1131903_0001096906-25-001655_fccn-20251003_8k.htm:2]**

Spectral Capital to Acquire Snack Prompt

- **Spectral Capital Corporation (OTCQB: FCCN)** has executed a binding term sheet to acquire **MultiCortex, LLC**, a leader in heterogeneous computing systems optimized for artificial intelligence (AI).  **[1131903_20251008CL93009:0]** 
- This acquisition aims to position the combined company as a global leader in **native AI, heterogeneous, and quantum-ready computing**.  **[1131903_20251008CL93009:0]** 
- Following a PCAOB-certified audit and uplisting to the Nasdaq Capital Market, Spectral plans to invest up to **$15 million** in the MultiCortex business unit to accelerate product development and commercialization.  **[1131903_20251008CL93009:0]** 
- Spectral anticipates becoming the world's largest filer of new native AI operating system patents by the end of **2025**.  **[1131903_20251008CL93009:0]**

Spectral Capital to Acquire MultiCortex

- Spectral Capital Corporation (FCCN) has executed a binding term sheet to **acquire 100% of Snack Prompt Corp.**, a fast-growing marketplace for AI workflow automations serving small and medium-sized businesses (SMBs).  **[1131903_20251007CL91991:0]** 
- The acquisition consideration includes **10,000,000 shares of Spectral common stock**, consisting of 1,500,000 initial shares and up to 8,500,000 earn-out shares.  **[1131903_20251007CL91991:0]** 
- Spectral will also commit **up to $5,000,000 of growth capital** to the Snack Prompt business unit, subject to agreed milestones and audit conditions.  **[1131903_20251007CL91991:0]** 
- This strategic move aims to build the leading SMB platform for AI workflow automations by combining Snack Prompt's marketplace and media reach with Spectral's invention portfolio and pending patents.  **[1131903_20251007CL91991:0]**

Spectral Capital Executes Binding Term Sheet to Acquire Snack Prompt

- **Spectral Capital Corporation (FCCN)** has signed a binding term sheet to acquire **100% of Telvantis Voice Services, Inc.**, a global voice services provider.  **[1131903_20251001CL87309:0]** 
- The acquisition will be an **all-stock transaction**, with Telvantis delivered without any debt.  **[1131903_20251001CL87309:0]** 
- The consideration includes a potential earn-out of **10,000,000 shares** of Spectral common stock if Telvantis achieves **$10,000,000 in operating profits in 2026** or **$665,000,000 in profitable gross revenue**.  **[1131903_20251001CL87309:0]** 
- A minimum of **1,500,000 shares** will be issued if Telvantis achieves **$240,000,000 in profitable revenue in 2026**.  **[1131903_20251001CL87309:0]** 
- Spectral intends to integrate its **AgenticAI technologies** to enhance Telvantis's profitability, efficiency, and scalability.  **[1131903_20251001CL87309:0]**

SPECTRAL CAPITAL (FCCN)