Home / Restatements / SPECTRAL CAPITAL Corp

5/5SPECTRAL CAPITAL Corp (FCCN): Non-reliance / restatement

Filed 2025-05-07 路 Form 8-K 路 Accession 0001096906-25-000708 micro

Market data

Price before filing: $3.4 (2025-05-06 close, split/dividend-adjusted)
Market cap at flag: $212.6M (2025-05-07) 路 Latest: $211.7M (2026-10-16)

What happened next

WindowFCCNSPYvs SPY
30 days-32.4%+7.2%-39.6%2025-06-06
90 days-29.7%+12.7%-42.4%2025-08-05
180 days-36.5%+23.0%-59.5%2025-11-03

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"A copy of MG&A's letter is attached as Exhibit 16.1 to this Current Report on Form 8-K. Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review The information set forth in the third, fourth, fifth and sixth paragraphs of Item 4.01 is incorporated by reference."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Auditor change, Going-concern doubt

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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