Spectral Capital Announces Closing of crwdunit Acquisition

Spectral Capital Corporation (OTCQB: FCCN), a pioneer in Quantum as a Service (QaaS) computing and decentralized cloud infrastructure, has announced the closing of its proposed acquisition of crwdunit, inc. (crwdunit), a Delaware corporation. The acquisition, valued at $14 million, consists of 37.5 million common shares of Spectral Capital Corporation. The transaction is subject to regulatory approval and the satisfaction of all conditions precedent.

The acquisition of crwdunit aligns with Spectral Capital's long-term vision of becoming a leading provider of quantum-forward edge and hybrid computing solutions. crwdunit's proprietary quantization mechanism, which measures performance across multiple dimensions, will be integrated into Spectral Capital's QaaS offerings. This integration will enhance the company's ability to offer secure, advanced storage and computing solutions, further solidifying its position in the market.

In addition to the technological benefits, the acquisition brings crwdunit's community of stakeholders into the Spectral Capital fold. This expansion of the user base and market reach will strengthen Spectral Capital's position in the industry and open up new revenue streams and market opportunities.

The acquisition is expected to be completed by December 10, 2024, subject to regulatory approval and the satisfaction of all conditions precedent. Spectral Capital's CEO, Jenifer Osterwalder, stated, "100% of the 3,750,000 shares issuable in this transaction will go to the stakeholders who made an investment in the crwdunit platform and are now welcomed to the Spectral family." Sean Michael Brehm, Spectral Capital's chairman, expressed confidence in the company's growth ambitions over the next several months and years.



The integration of crwdunit's technology into Spectral Capital's QaaS offerings will enable the company to measure performance across multiple dimensions, including workload efficiency, CPU, memory, storage, bandwidth, and server uptime. This enhanced capability will allow Spectral Capital to optimize its solutions, improving performance and efficiency for its clients.



The combination of Spectral Capital's QaaS and crwdunit's technology opens up new revenue streams and market opportunities. By offering advanced, secure storage and computing solutions with enhanced performance metrics, Spectral Capital can attract more clients and increase revenue. Additionally, the integration of crwdunit's technology into Spectral Capital's offerings creates new market opportunities in edge and hybrid computing solutions, further expanding the company's customer base.

In conclusion, Spectral Capital's acquisition of crwdunit is a strategic move that aligns with the company's long-term vision. The integration of crwdunit's proprietary quantization mechanism into Spectral Capital's QaaS offerings enhances the company's ability to provide secure, advanced storage and computing solutions. The acquisition also brings crwdunit's community of stakeholders into the Spectral Capital fold, opening up new revenue streams and market opportunities. With the completion of the acquisition expected by December 10, 2024, Spectral Capital is well-positioned to realize its growth ambitions over the next several months and years.