Portfolio Update
January 21, 2026
Spectral Capital Announces 42 Telecom Exceeded 2025 Financial Performance Target
2 Telecom expects to have exceeded its 2025 revenue and profitability targets, surpassing the $16M milestone established under its acquisition agreement.
Seattle, WA — January 21, 2026 — Spectral Capital Corporation (OTCQB: FCCN) today announced that 42 Telecom Ltd. (“42 Telecom”), a recently acquired operating subsidiary, has informed the Company that it expects to have exceeded the financial performance target established in the Definitive Share Exchange Agreement between Spectral and 42 Telecom dated July 7, 2025.
Pursuant to Section 4.1 of the Definitive Share Exchange Agreement, 42 was required to profitably achieve revenues of $16 million for the financial year ended 2025. Based on preliminary unaudited financial results for the period, 42 Telecom expects to have reached and exceeded this performance milestone.
As a result, 42 Telecom believes it has satisfied all applicable financial performance obligations set forth under the acquisition agreement. Final audited financial statements for the period are currently in process and will be completed in accordance with applicable accounting standards.
“Exceeding the 2025 financial targets so soon after the acquisition is a strong validation of our strategic thesis for 42 Telecom,” said Jenifer Osterwalder, Chief Executive Officer of Spectral Capital Corporation. “The performance reflects the quality of 42 Telecom’s management team, the resilience of its operating platform, and the significant opportunity we see to build long-term value as part of the Spectral portfolio.”
Daniel Gilcher, Chief Financial Officer of Spectral Capital Corporation, added, “Based on the unaudited results provided to us, 42 Telecom expects to have met and exceeded the revenue and profitability thresholds established in the acquisition agreement. This achievement positions the business well as we move into the audit process and continue our focus on disciplined integration, financial transparency, and margin improvement across the combined organization.”
Spectral views this performance as an important validation of the strategic rationale underlying the acquisition of 42 Telecom, including the strength of its operating platform, customer relationships, and revenue model. The Company continues to focus on the integration of 42 Telecom’s operations within Spectral’s broader communications and technology strategy, while pursuing disciplined growth and margin expansion.
Additional information regarding the acquisition and integration of 42 Telecom will be included in Spectral’s forthcoming SEC filings.
About Spectral Capital Corporation
Spectral Capital (OTCQB: FCCN) is building the next generation of AI- and quantum-enabled digital infrastructure. With an extensive patent and IP portfolio across AI and quantum technologies, Spectral is the acquirer of choice for digital infrastructure including telecommunications, voice, SMS technologies and edge data centers. Spectral’s strategy combines original invention, an active pending-patent pipeline, and disciplined productization to create durable value across enterprise and SMB markets. For more information, visit Spectral Capital.
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Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and FCCN's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements.
Although FCCN believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of FCCN.
Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in FCCN's business; competitive factors in the market(s) in which FCCN operates; risks associated with operations outside the United States; and other factors listed from time to time in FCCN's filings with the Securities and Exchange Commission.
FCCN expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in FCCN's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
