Spectral Capital Announces 42 Telecom Exceeds 2025 Financial Performance Target
Rhea-AI Summary
Spectral Capital (OTCQB: FCCN) said 42 Telecom, its recently acquired subsidiary, expects to have exceeded the $16.0 million 2025 revenue target required under the July 7, 2025 share exchange agreement. 42 Telecom believes it has satisfied the acquisition's financial performance obligations based on preliminary unaudited results. Final audited 2025 financial statements are in process and will be filed in accordance with applicable accounting standards. Spectral emphasized integration, margin improvement, and forthcoming SEC disclosures.
Positive
- Revenue target exceeded: 2025 revenue goal of $16.0M reportedly surpassed
- Acquisition condition satisfied: 42 Telecom expects to meet performance obligations
- Strategic validation: Management cites early confirmation of acquisition thesis
Negative
- Unaudited results: reported performance is preliminary pending final audit
- Audit and SEC filings pending: final statements and disclosures not yet available
News Market Reaction
On the day this news was published, FCCN declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Pursuant to Section 4.1 of the Definitive Share Exchange Agreement, 42 was required to profitably achieve revenues of
As a result, 42 Telcom believes it has satisfied all applicable financial performance obligations set forth under the acquisition agreement. Final audited financial statements for the period are currently in process and will be completed in accordance with applicable accounting standards.
"Exceeding the 2025 financial targets so soon after the acquisition is a strong validation of our strategic thesis for 42 Telecom," said Jenifer Osterwalder, Chief Executive Officer of Spectral Capital Corporation. "The performance reflects the quality of 42 Telcom's management team, the resilience of its operating platform, and the significant opportunity we see to build long-term value as part of the Spectral portfolio."
Daniel Gilcher, Chief Financial Officer of Spectral Capital Corporation, added, "Based on the unaudited results, 42 Telecom expects to have met and exceeded the revenue and profitability thresholds established in the acquisition agreement. This achievement positions the business well as we move into the audit process and continue our focus on disciplined integration, financial transparency, and margin improvement across the combined organization."
Spectral views this performance as an important validation of the strategic rationale underlying the acquisition of 42 Telecom, including the strength of its operating platform, customer relationships, and revenue model. The Company continues to focus on the integration of 42 Telecom's operations within Spectral's broader communications and technology strategy, while pursuing disciplined growth and margin expansion.
Additional information regarding the acquisition and integration of 42 Telecom will be included in Spectral's forthcoming SEC filings.
About Spectral Capital Corporation
Spectral Capital (OTCQB: FCCN) is building the next generation of AI and quantum enabled digital infrastructure. With an extensive patent and IP portfolio across AI and quantum technologies, Spectral is the acquirer of choice for digital infrastructure including telecommunications, voice, SMS technologies and edge data centers. Spectrals' 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.
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
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SOURCE Spectral Capital Corporation
FAQ
What revenue target did 42 Telecom need to meet under the July 7, 2025 agreement for FCCN?
Has 42 Telecom officially satisfied the acquisition performance obligations for FCCN as of January 21, 2026?
What is the significance of 42 Telecom exceeding the $16M 2025 target for FCCN shareholders?
Are the 2025 results for 42 Telecom audited and filed with the SEC for FCCN?
When was the Definitive Share Exchange Agreement between Spectral and 42 Telecom signed?
