Spectral Capital (FCCN) has issued an announcement.
Spectral Capital Corporation, which trades on the OTC Markets OTCQB under the symbol “FCCN”, has completed a strategic exchange resulting in the acquisition of Node Nexus Network Co LLC, making it a wholly owned subsidiary. The transaction included the issuance of 1,000,000 shares of Series Quantum Preferred Stock to Sean Michael Brehm, who now significantly influences the company with a combined voting power of 41.829% of the Common Stock. Spectral Capital now has 67,699,516 shares of Common Stock and 5,000,000 shares of preferred stock authorized, with plans to develop and commercialize cloud solutions integrating quantum computing technology. Despite a current lack of revenue and an operating loss, the company holds cash reserves from recent share sales and aims to generate revenue through its subsidiaries specializing in quantum computing technologies.
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