Corporate ActionAug 12, 2026, 05:07 PM
Spectral Capital to Offer 3.33M Shares, Seek Nasdaq Listing
AI Summary
Spectral Capital Corporation plans a firm commitment public offering of 3,333,333 common shares at an assumed price of $4.50 per share, aiming to raise approximately $13.63 million in net proceeds. The company has applied to list its common stock on the Nasdaq Capital Market under the symbol "FCCN", with the offering contingent on Nasdaq approval. This follows recent acquisitions of telecommunications businesses and a past resolution of significant accounting errors and an auditor change.
Key Highlights
- Plans public offering of 3,333,333 common shares at assumed $4.50 per share.
- Aims to raise approximately $13.63 million in net proceeds from the offering.
- Applied to list common stock on Nasdaq Capital Market under symbol "FCCN".
- Offering is contingent on Nasdaq listing application approval.
- Acquired 42 Telecom Ltd. on August 1, 2025, and Telvantis Voice Services on Dec 29, 2025.
- Entered binding term sheet with Intermatica S.p.A. for a strategic transaction.
- Dismissed MG&A as auditor and engaged RBSM LLP on April 30, 2025.
- Withdrew prior non-reliance on financial statements after re-evaluation on June 26, 2025.
Price Impact
More from FCCN