Spectral Capital Signs Definitive Agreement to Acquire Telvantis Voice Services, Inc.
Advancing Path Toward Profitable Scale and Anticipated
The transaction provides for Spectral to acquire 100% of the issued and outstanding shares of Telvantis Voice Services in a stock-for-stock exchange intended to qualify as a tax-free reorganization under Section 368(a)(1)(B) of the Internal Revenue Code. Consideration includes shares issued at closing and performance-based earn-out shares tied directly to 2026 revenue and profitability milestones, aligning long-term incentives with operating performance.
Performance-Based Structure and Milestones
Under the agreement, earn-out and lock-up release mechanics are structured around measurable operating results including
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2026 Revenue Milestone:
Achievement of at least$240 million in annual gross revenue on a consolidated basis. -
2026 Profitability Milestone:
Achievement of at least$1 million in annualized GAAP net operating profit. -
Earn-Out Shares :
Additional earn-out shares may be issued if Telvantis achieves$10 million or more in annualized operating profit in 2026, accruing proportionally for each incremental$1 million in operating profit above defined thresholds, or alternatively upon achieving$665 million in annualized revenue with comparable or superior operating margins.
These milestones are designed to support disciplined growth, operating leverage, and shareholder alignment consistent with public-market best practices.
Strategic Rationale
Telvantis Voice Services operates a scalable telecommunications platform serving enterprise and carrier customers, with infrastructure capable of supporting high-volume voice and communications traffic. Spectral expects the acquisition to immediately expand its consolidated operating base while strengthening recurring revenue visibility.
"The Telvantis acquisition is a foundational transaction in Spectral's strategy to build a profitable, scaled digital infrastructure platform suitable for the public markets. The revenue and profit-based earn-out structure directly aligns performance with shareholder outcomes, and we believe Telvantis will be a meaningful contributor toward Spectral's anticipated profitable 2026 revenue of approximately
"As we prepare for a potential NASDAQ uplisting, Spectral is focused on assembling businesses that meet institutional expectations for transparency, performance metrics, and operating discipline. Telvantis strengthens our portfolio in each of those respects."
Closing and Integration
The transaction is expected to close on or about
About Spectral Capital Corporation
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
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