AcquisitionsMay 27, 2026, 10:27 AM
Spectral Capital Issues 6.92M Earn-Out Shares for Telvantis Acquisition
AI Summary
Spectral Capital Corp. issued 6,924,700 common shares as earn-out consideration for its acquisition of Telvantis, Inc., following the achievement of fiscal year 2026 performance milestones. These shares were distributed to four recipients, with MEXEDIA DAC receiving 4.5 million shares. The issuance, made under an unregistered offering exemption, brings the total shares issued for the acquisition to 7,924,700 out of a 10 million maximum.
Key Highlights
- Spectral Capital issued 6,924,700 common shares as earn-out consideration.
- Shares were for the acquisition of Telvantis, Inc. (formerly Raadr, Inc.).
- Issuance followed the achievement of fiscal year 2026 performance milestones.
- MEXEDIA DAC received the largest portion with 4,500,000 shares, approximately 4.7% of outstanding.
- Total shares issued for the acquisition now stand at 7,924,700 out of a 10,000,000-share maximum.
- The shares were issued in an unregistered offering under Section 4(a)(2) and Rule 506(b).
- Lock-Up and Trickle-Out Agreements were entered into with each recipient.
Price Impact
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