Spectral Capital to acquire AI workflow marketplace Snack Prompt

SEATTLE - Spectral Capital Corporation (OTCQB:FCCN), a $156 million market cap technology company whose shares have declined 67% year-to-date according to InvestingPro data, announced Tuesday it has executed a binding term sheet to acquire Snack Prompt Corp., a marketplace for AI workflow automations serving small and medium-sized businesses.

Under the agreement, Spectral will acquire 100% of Snack Prompt’s equity for 10 million shares of Spectral common stock, consisting of 1.5 million initial shares and up to 8.5 million earn-out shares. The company, currently trading at $2.05 and rated as overvalued by InvestingPro’s Fair Value model, will also commit up to $5 million in growth capital, subject to agreed milestones and audit conditions.

Snack Prompt operates a marketplace that helps SMBs discover and implement AI workflow automations. The company also publishes an AI industry newsletter that ranks among the top five AI newsletters by circulation, according to the press release.

"SMBs don’t want tool sprawl—they want trusted, ready-to-use AI automations that drive measurable outcomes," said Jenifer Osterwalder, CEO of Spectral Capital.

Eder Teixeira, Founder of Snack Prompt, stated, "Joining forces with Spectral gives us the IP firepower, capital, and go-to-market leverage to scale our marketplace."

Following the acquisition, Spectral plans to use its invention portfolio and pending patents to help position Snack Prompt as a platform for SMBs to access AI workflow automations. The company intends to accelerate product development and create vertical solutions for core SMB functions including marketing, customer support, finance, HR, and operations.

The transaction closing remains subject to customary conditions, including completion of due diligence, board approvals, and execution of definitive agreements. With a beta of 1.13 and an overall financial health score rated as "Weak" by InvestingPro, investors may want to closely monitor the company’s execution of this strategic move. InvestingPro subscribers can access 12 additional key metrics and exclusive analysis about Spectral Capital’s financial health and growth prospects.

In other recent news, Spectral Capital Corporation has announced a significant corporate development by entering into a binding term sheet to acquire Telvantis Voice Services. The acquisition is structured as an all-stock deal, which means no debt will be involved in the transaction. This agreement includes an earn-out structure that is contingent upon Telvantis meeting specific performance metrics. If Telvantis reaches $10 million in operating profits by 2026 or achieves $665 million in profitable gross revenue at current margins, Spectral Capital will issue 10 million shares. The minimum consideration is set at 1.5 million shares if Telvantis achieves $240 million in profitable revenue next year. These recent developments highlight Spectral Capital’s strategic initiatives to expand its business operations.

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