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Spectral Capital and MultiCortex Execute Definitive Term Sheet

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Spectral Capital (OTCQB: FCCN) executed a binding term sheet to acquire MultiCortex, a developer of heterogeneous AI-native computing systems and an architecture aimed at quantum-ready integration, announced Oct. 8, 2025.

The deal plans up to $15 million of Spectral investment after a PCAOB-certified audit and an anticipated uplisting to the Nasdaq Capital Market. Companies expect to complete due diligence and finalize definitive agreements, with closing subject to customary approvals and conditions.

Spectral Capital (OTCQB: FCCN) ha firmato un term sheet vincolante per acquisire MultiCortex, uno sviluppatore di sistemi informatici eterogenei AI-native e di un'architettura mirata all'integrazione pronta per quantum, annunciato l'8 ottobre 2025.

L'accordo prevede fino a 15 milioni di dollari di investimento Spectral dopo una verifica contabile certificata PCAOB e una prevista quotazione all'Nasdaq Capital Market. Le aziende prevedono di completare la due diligence e finalizzare gli accordi definitivi, con la chiusura soggetta ad approvazioni e condizioni abituali.

Spectral Capital (OTCQB: FCCN) ejecutó un term sheet vinculante para adquirir MultiCortex, un desarrollador de sistemas informáticos AI-native heterogéneos y de una arquitectura orientada a la integración lista para cuántico, anunciado el 8 de octubre de 2025.

El acuerdo contempla hasta 15 millones de dólares de inversión de Spectral tras una auditoría certificada por PCAOB y una prevista cotización al Nasdaq Capital Market. Las empresas esperan completar la diligencia debida y finalizar los acuerdos definitivos, con el cierre sujeto a aprobaciones y condiciones habituales.

Spectral Capital (OTCQB: FCCN)는 다중 코텍스(MultiCortex)를 인수하기 위한 바인딩 테마 시트를 체결했으며, 이는 AI 네이티브 컴퓨팅 시스템의 이질적 개발자이자 양자 준비 통합을 위한 아키텍처를 목표로 한다고 2025년 10월 8일 발표했다.

거래는 PCAOB 인증 감사 이후 최대 1500만 달러의 Spectral 투자를 계획하고, 나스닥 카피털 마켓으로의 상장 가능성을 기대한다. 기업들은 실사 완료 및 확정 계약 체결을 예상하며, 마감은 일반적인 승인 및 조건에 따를 예정이다.

Spectral Capital (OTCQB: FCCN) a signé une term sheet contraignant pour acquérir MultiCortex, un développeur de systèmes informatiques hétérogènes AI-native et une architecture destinée à une intégration prête pour l'informatique quantique, annoncée le 8 octobre 2025.

L'accord prévoit jusqu'à 15 millions de dollars d'investissement Spectral après un audit certifié PCAOB et une éventuelle cotation sur le Nasdaq Capital Market. Les entreprises prévoient de mener à bien la due diligence et de finaliser les accords définitifs, la clôture étant soumise aux approvals et conditions habituelles.

Spectral Capital (OTCQB: FCCN) hat eine bindende Absichtserklärung zur Übernahme von MultiCortex unterzeichnet, einem Entwickler heterogener AI-native Computing-Systeme und einer Architektur für eine quantenbereite Integration, angekündigt am 8. Oktober 2025.

Der Deal sieht bis zu 15 Millionen Dollar Investition von Spectral nach einer PCAOB-zertifizierten Prüfung und einer erwarteten Auflistung am Nasdaq Capital Market vor. Die Unternehmen erwarten, die Due-Diligence durchzuführen und endgültige Vereinbarungen abzuschließen, wobei der Abschluss von üblichen Genehmigungen und Bedingungen abhängt.

Spectral Capital (OTCQB: FCCN) وقعت مذكرة شروط ملزمة للاستحواذ على MultiCortex، مطوّر أنظمة حوسبة AI-native غير المتجانسة وبناه مخصصة للدمج الجاهز للكمّ، وقد أُعلن في 8 أكتوبر 2025.

يخطط الصفقة لاستثمار Spectral يصل حتى 15 مليون دولار بعد تدقيق مُوثّق من PCAOB وتوقع إدراجها في Nasdaq Capital Market. تتوقع الشركات إكمال التحقق من الجهة المالّية وإتمام الاتفاقات النهائية، مع إغلاق يخضع للموافقات والشروط المعتادة.

Spectral Capital (OTCQB: FCCN) 已签署具有约束力的条款清单,以收购 MultiCortex——一家开发异质 AI 原生计算系统及面向量子就绪集成的架构的公司,宣布于 2025 年 10 月 8 日。

该交易在经 PCAOB 认证的审计后,预计对 Spectral 的投资最高为1500万美元,并有望在 Nasdaq Capital Market 上市。双方预计完成尽职调查并最终敲定正式协议,关闭将受常规批准和条件的影响。

Positive
  • Spectral to invest up to $15 million in MultiCortex business unit
  • Planned uplisting to the Nasdaq Capital Market after PCAOB audit
  • MultiCortex offers an AI-native OS and heterogeneous computing platform
  • Architecture designed for early quantum-ready hybrid workflows
Negative
  • Transaction conditional on PCAOB-certified audit completion
  • Closing subject to customary approvals and conditions, creating execution uncertainty
  • Aggressive patent-filing target to be the largest native AI OS filer by end of 2025

Positioning to Build a Global Leader in Native AI, Heterogeneous, and Quantum-Ready Computing

SEATTLE, Oct. 8, 2025 /PRNewswire/ -- Spectral Capital Corporation (OTCQB: FCCN) ("Spectral") announced today that it has executed a binding term sheet to acquire MultiCortex, LLC, a world leader in the design and deployment of heterogeneous computing systems optimized for artificial intelligence (AI).

This transaction positions the combined company to lead a new era of computing — one defined by native AI operating systems, AI-native heterogeneous architectures, and quantum-ready integration. While most current PCs exhibit a small degree of heterogeneity through CPUs, HPU, XPU and GPUs, few systems integrate native AI Accelerators directly into their architecture. As AI becomes central to nearly all computing tasks, the demand for systems that support persistent, private, and local AI capabilities has never been greater.

"Today's consumer and business users are devoting an ever-increasing percentage of their computer time to AI tasks," said Jenifer Osterwalder, CEO of Spectral Capital. "They want their AI to be available across applications, to update automatically, and to run locally for maximum privacy. The Spectral–MultiCortex combination uniquely addresses this need with systems purpose-built for AI-native performance, privacy, and adaptability. Together, we expect to become a global leader in next-generation AI hardware and operating systems."

MultiCortex has established itself as an innovative company in heterogeneous computing, offering a complete and optimized operating system for Artificial Intelligence processing including Computer Vision, Large Language Models (LLMs), Vision-Language Models (VLMs), Automatic Speech Recognition (ASR), and other high-performance segments. The company's platform enables seamless deployment of AI workloads across diverse processors and accelerators, delivering unprecedented efficiency and scalability.

Beyond its proven expertise in AI-native system design, MultiCortex is also advancing the intersection of AI operating systems and quantum computing. Led by Chief Technology Officer, Alessandro "Cabelo" Faria, an Intel Global Innovator, the company is building an architecture designed to seamlessly leverage hybrid quantum cloud computing as it becomes commercially viable. This integration will provide MultiCortex users an early and sustained advantage in adopting quantum-accelerated AI applications — enabling them to tackle complex workloads with unmatched speed and precision.

"Combining MultiCortex's proven hardware design and systems expertise with Spectral's deep intellectual property portfolio and financial resources creates a powerhouse for innovation," said Thiago Moura da Silva, of MultiCortex. "Our shared vision is to build computers that think locally — machines where AI is not an add-on, but a native capability woven into the fabric of the operating system itself. And as quantum computing comes online, our users will be among the first to benefit from true hybrid AI-quantum workflows."

Following completion of a PCAOB-certified audit and Spectral's uplisting to the Nasdaq Capital Market, Spectral will invest up to $15 million in the MultiCortex business unit to accelerate product development and commercialization. Spectral also anticipates leveraging its extensive patent library and filing infrastructure to become the world's largest filer of new native AI operating system patents by the end of 2025.

The companies expect to complete due diligence and finalize definitive agreements shortly, with closing subject to customary approvals and conditions.

About Spectral Capital Corporation

Spectral Capital (OTCQB: FCCN) is an innovation-driven company focused on building, acquiring, and scaling products at the frontier of artificial intelligence. Spectral's strategy combines original invention, an active pending‑patent pipeline, and disciplined productization to create durable value across enterprise and SMB markets. For more information visit Spectral Capital.

About MultiCortex, LLC

MultiCortex is a leader in heterogeneous computing and AI-native operating systems, integrating CPUs, GPUs, and AI Accelerators to achieve unmatched performance and efficiency. With deep expertise at the frontier of AI and quantum computing, and a CTO recognized as an Intel Global Innovator, MultiCortex is pioneering systems that seamlessly leverage hybrid quantum cloud computing to give users a decisive technological edge.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and FCCN's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although FCCN believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of FCCN. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in FCCN's business; competitive factors in the market(s) in which FCCN operates; risks associated with operations outside the United States; and other factors listed from time to time in FCCN's filings with the Securities and Exchange Commission. FCCN expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in FCCN's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

 

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SOURCE Spectral Capital Corporation

FAQ

What did Spectral Capital (FCCN) announce on October 8, 2025?

Spectral announced execution of a binding term sheet to acquire MultiCortex, a company focused on AI-native heterogeneous computing and quantum-ready architectures.

How much will Spectral (FCCN) invest in MultiCortex after closing?

Spectral said it will invest up to $15 million in the MultiCortex business unit following a PCAOB-certified audit and uplisting.

What are the key conditions before the Spectral–MultiCortex deal closes?

The deal requires completion of due diligence, a PCAOB-certified audit, Spectral's uplisting to Nasdaq Capital Market, and customary approvals and conditions.

What technology does MultiCortex bring to Spectral (FCCN)?

MultiCortex brings an AI-optimized operating system for workloads like CV, LLMs, VLMs, and ASR, plus heterogeneous hardware integration and quantum-ready design.

When do the companies expect to finalize definitive agreements for the FCCN deal?

They expect to complete due diligence and finalize definitive agreements shortly, with closing subject to customary approvals and conditions.

What is Spectral's patent and IP plan after the MultiCortex agreement?

Spectral anticipates leveraging its patent library and filing infrastructure to become the world’s largest filer of new native AI operating system patents by the end of 2025.
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