Target(US:TGT) Prnewswire·2026-01-21 13:37Core Insights - Spectral Capital Corporation's subsidiary, 42 Telecom Ltd., has exceeded its financial performance target for the year ended 2025, as per the Definitive Share Exchange Agreement [1][2] Financial Performance - 42 Telecom was required to achieve revenues of $16 million for the financial year ended 2025, and preliminary unaudited results indicate that it has surpassed this milestone [2][3] - The company believes it has fulfilled all financial performance obligations outlined in the acquisition agreement, with final audited financial statements currently being prepared [3] Strategic Validation - The achievement of exceeding financial targets shortly after acquisition is seen as a strong validation of the strategic rationale for acquiring 42 Telecom, highlighting the quality of its management and operational resilience [4] - The performance is viewed as a significant opportunity for long-term value creation within Spectral's portfolio, emphasizing the strength of 42 Telecom's operating platform and customer relationships [4] Integration and Future Focus - Spectral Capital is focused on the disciplined integration of 42 Telecom's operations into its broader communications and technology strategy, aiming for financial transparency and margin improvement [4] - Additional information regarding the acquisition and integration will be disclosed in forthcoming SEC filings [5]