ClarificationJun 5, 2026, 04:12 PM
SPECTRAL CAPITAL Corp Corrects Prior Financial Reporting Controls
AI Summary
SPECTRAL CAPITAL Corp (FCCN) has filed an amendment to its 10-K, correcting its previous assertion that its disclosure controls and procedures and internal control over financial reporting were effective as of December 31, 2024. Management has re-evaluated these controls and concluded they were not effective due to identified material weaknesses. This amendment does not include updates for events occurring after the original filing date.
Key Highlights
- SPECTRAL CAPITAL Corp (FCCN) amends prior 10-K filing.
- Company acknowledges prior conclusion on disclosure controls and financial reporting was incorrect.
- Material weaknesses identified in internal control over financial reporting as of December 31, 2024.
- Management has re-evaluated and concluded controls were not effective.
- No other changes made to the original filing; amendment does not reflect subsequent events.
Price Impact
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