Spectral Capital Corporation /
Forty Two Telecom Ltd.
Spectral Capital Corporation to acquire Forty Two Telecom Ltd.
What happened
Spectral Capital Corporation agreed to acquire all of Forty Two Telecom Ltd.’s issued and outstanding shares under a share exchange agreement with Heritage Ventures Ltd. The transaction remains subject to customary closing conditions, including board and shareholder approvals and completion of an audit.
Forty Two Telecom Ltd. is a Maltese-based telecommunications infrastructure provider with global operations. Terms include 8,000,000 shares of Spectral common stock, with another 8,000,000 shares placed in escrow for performance-based earnouts and valuation guarantees.
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Spectral Capital Corporation to acquire Forty Two Telecom Ltd.
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