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Spectral Capital Announces 42 Telecom Exceeds 2025 Financial Performance Target
Prnewswire· 2026-01-21 13:37
Core 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]
Spectral Capital Appoints Daniel Gilcher as Chief Financial Officer in Preparation for NASDAQ Uplisting
Prnewswire· 2026-01-13 13:36
Core Viewpoint - Spectral Capital Corporation has appointed Daniel Gilcher as Chief Financial Officer to enhance its leadership team in preparation for a planned NASDAQ uplisting [1][4]. Group 1: Appointment and Role - Daniel Gilcher will oversee global finance, accounting, and capital markets functions at Spectral [1]. - His extensive experience includes roles as CFO and Director in technology and telecommunications sectors, as well as healthcare [2]. - Gilcher has a strong background in preparing companies for going-public transactions and managing mergers and acquisitions [3]. Group 2: Experience and Qualifications - Gilcher has served on various international company boards and has been involved in audit and remuneration committees [3]. - His previous experience includes investment analysis and portfolio management, along with a robust academic background in finance [4]. - He holds a Ph.D. in Empirical Finance, an MBA, and an M.Sc. in Finance, with published research in peer-reviewed journals [4]. Group 3: Company Strategy and Vision - The CEO of Spectral Capital emphasized that Gilcher's appointment is crucial for the company's growth and NASDAQ uplisting [4]. - Gilcher expressed enthusiasm about the company's strategy and portfolio, highlighting the opportunity for financial discipline and capital markets readiness [4]. - Spectral Capital focuses on AI and quantum-enabled digital infrastructure, with a strong patent and IP portfolio [5].
Spectral Capital Closes Telvantis Acquisition as Important Milestone Toward 2026 $450 Million Profitable Revenue Goal
Prnewswire· 2026-01-05 13:17
Core Viewpoint - Spectral Capital Corporation has successfully acquired Telvantis Voice Services, Inc., marking a significant step in its strategy to enhance its digital infrastructure capabilities and achieve substantial revenue growth by 2026 [1][4]. Group 1: Acquisition Details - The acquisition was completed on December 31, 2025, with Spectral acquiring 100% of Telvantis Voice in exchange for shares of Spectral common stock [2]. - The transaction includes an initial issuance of 1,500,000 shares at closing, with the potential for an additional 8,500,000 shares based on performance milestones, totaling a maximum of 10,000,000 shares [2][3]. Group 2: Financial Projections and Performance Milestones - The earn-out provisions stipulate a minimum of $240,000,000 in profitable revenues and target net earnings of $10,000,000 for the fiscal year 2026 [1]. - The earn-out shares are contingent upon Telvantis Voice meeting defined revenue and operating profit thresholds during fiscal year 2026 [3]. Group 3: Strategic Importance - The acquisition aligns with Spectral's long-term objective of achieving $450 million in profitable revenue by 2026 through a combination of organic growth and acquisitions [4]. - Telvantis Voice's infrastructure and operating scale are expected to support Spectral's broader strategy in the telecommunications sector [5]. Group 4: Company Overview - Spectral Capital Corporation is focused on building next-generation AI and quantum-enabled digital infrastructure, with a strong patent and IP portfolio in these technologies [6]. - The company aims to create durable value across enterprise and SMB markets through disciplined productization and innovation [6].