#USA #Quantum Computing #Spectral Capital #Seattle #crwdunit

Spectral Capital Completes Acquisition of crwdunit

Spectral Capital Corporation, listed on the OTCQB under the ticker FCCN, has announced the successful closing of its acquisition of crwdunit, inc. This strategic move will enhance Spectral's capabilities in the realm of Quantum as a Service (QaaS) and bolster its decentralized cloud infrastructure.

On September 10, 2024, the company initially disclosed the intent to acquire crwdunit as part of its vision to position itself as a leader in quantum-forward edge and hybrid computing solutions. The transaction has culminated in an issuance of 3,750,000 shares of Spectral stock, directed primarily towards crwdunit’s investors, confirming Spectral’s commitment to its newly acquired stakeholders.

Sean Michael Brehm, chairman of Spectral Capital, expressed enthusiasm for the acquisition, stating, "This technology is critical to our growth and transformation in the quantum tech landscape. We welcome the crwdunit stakeholders to the Spectral family with open arms."

The formal Agreement and Plan of Business Combination, executed on December 10, 2024, marks the merger of crwdunit with Spectral QDA Holdings, Inc., a wholly owned subsidiary of Spectral. Under the terms of the agreement, crwdunit stakeholders are recognized as integral parts of the Spectral family. Each crwdunit investor will receive one share of Spectral stock for each $4.00 invested in the crwdunit platform.

Jenifer Osterwalder, the CEO of Spectral, emphasized the significant role of crwdunit's technology and its community to the overall aspirations of the company. "This acquisition not only adds to our technological prowess but also aligns our growth ambitions with a community of passionate stakeholders," she remarked.

The implications of this acquisition extend beyond mere stock exchanges. With crwdunit's technology embedded within Spectral’s framework, the company stands ready to exploit new commercial prospects while furthering its mission of providing advanced quantum computing solutions. Brehm noted, "We are well-positioned to capitalize on the growth opportunities that lie ahead, combining the strengths of both companies."

Founded in 2000 and headquartered in Seattle, Washington, Spectral Capital has carved out a niche as a pioneer in the tech industry, specifically focusing on QaaS. The company utilizes its proprietary Distributed Quantum Ledger Database (DQ-LDB) technology to deliver robust storage and computing solutions that meet the growing demands of the digital economy.

The forward-looking statements accompanying this acquisition signal a targeted growth trajectory. While confidence abounds in the positive outcomes anticipated from this integration, the company acknowledges the inherent uncertainties and risks involved in such significant operational transitions.

As Spectral Capital continues to evolve, this latest acquisition stands testament to its ambition to lead in the quantum computing sector. The embrace of crwdunit’s technology and community is expected to be a substantial catalyst for innovation and growth within the industry.

For more information on Spectral Capital Corporation and its initiatives, visit the official website.