Spectral Capital Submits Application for Uplisting to the Nasdaq Capital Market

Rhea-AI Summary

Spectral Capital (OTCQB: FCCN) has submitted an application to uplist its common shares to the Nasdaq Capital Market. The company, focused on deep quantum technology, highlighted several achievements including breakthrough advancements in Plasmonics Semiconductor through Verdant Quantum, development of Analytic Tomograph from Quantomo, and continued development of Distributed Quantum Ledger Database through Vogon Decentralized Edge and Hybrid Cloud infrastructure.

The company aims to support governments and enterprises in the quantum era through its Deep Quantum Technology Platform and Quantum Cloud Computing solutions. The company has revitalized its core Monitr product with Vogon Cloud technology and positioned itself for growth through strategic acquisitions. The uplisting is subject to Nasdaq approval and meeting all listing criteria, with FCCN continuing to trade on OTCQB pending approval.

Positive

• Application submitted for uplisting to Nasdaq Capital Market
• Breakthrough advancements in Plasmonics Semiconductor technology
• Development progress in multiple quantum technology products

Negative

• Nasdaq uplisting approval not guaranteed
• No specific financial metrics or performance data provided

SEATTLE, Jan. 28, 2025 /PRNewswire/ -- Spectral Capital Corporation (OTCQB: FCCN) ("Spectral" or the "Company"), a deep quantum technology platform company, is pleased to announce it has submitted an application to uplist the Company's common shares on the Nasdaq Capital Market^® ("Nasdaq").

"A Nasdaq uplist is the next logical step in Spectral's growth journey," stated Sean Michael Brehm, Chairman of Spectral Capital. "This year has been transformational for Spectral. We had breakthrough advancements in our Plasmonics Semiconductor through Verdant Quantum. We are developing our unique Analytic Tomograph from Quantomo. We also continued development on the commericalization of Distributed Quantum Ledger Database through our Vogon Decentralized Edge and Hybrid Cloud infrastructure. Today we are uniquely positioned to support governments and enterprises in the emerging quantum era. The uplisting will enable us to accelerate the deployment of our Deep Quantum Technology Platform and create the future of Quantum Cloud Computing." 

"Having led the company for more than a decade, I could not be prouder to announce this Nasdaq uplisting application. We have been able to take our core technology as embodied in our Monitr product and revitalize it with the Vogon Cloud technology. Spectral's resurgence through our orchestrated acquisitions have positioned the company for growth and industry innovation. For stakeholders who have stuck with us all this time and for the stakeholders who have recently joined us during this transformational year, we are so pleased to continue to deliver on the corporate milestones we promised you," concluded Jenifer Osterwalder, the company's President. 

The listing of Spectral Capital's common shares on Nasdaq is subject to the approval of Nasdaq and the satisfaction of all applicable listing criteria and requirements. No assurance can be given that such application will be approved or that such listing will be completed. FCCN stock will continue to trade on the OTCQB under its current symbol FCCN pending approval of a Nasdaq listing.

About Spectral Capital
Spectral Capital (OTCQB: FCCN) is a quantum technology platform company at the forefront of innovation. Focusing on sustainable green cloud computing, quantum databases, and advanced quantum chip technology, Spectral Capital is revolutionizing industries such as telecommunications, AI, and green technology. With flagship offerings like the Vogon Cloud and Vogon DQLDB, the company is pioneering a future of decentralized, secure, and scalable computing.

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.

For more information, please visit Spectral Capital.

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SOURCE Spectral Capital Corporation

FAQ

What is the current status of Spectral Capital's (FCCN) Nasdaq uplisting application?

Spectral Capital has submitted its application to uplist to the Nasdaq Capital Market, but approval is pending and subject to meeting all listing criteria.

What are the main technological developments announced by FCCN in 2024?

FCCN reported advancements in Plasmonics Semiconductor through Verdant Quantum, development of Analytic Tomograph from Quantomo, and progress on Distributed Quantum Ledger Database through Vogon infrastructure.

Will FCCN continue trading on OTCQB during the Nasdaq application process?

Yes, FCCN will continue trading on the OTCQB under the symbol FCCN pending approval of the Nasdaq listing.

What is Spectral Capital's (FCCN) main business focus in the quantum technology sector?

FCCN focuses on deep quantum technology, including quantum cloud computing, plasmonics semiconductor technology, and distributed quantum ledger database through their Vogon infrastructure.