#United States #Spectral Capital #Seattle #AI Workflow #Snap Prompt

Spectral Capital's Strategic Acquisition of Snack Prompt

In a bold move that reflects its ambition in the artificial intelligence (AI) landscape, Spectral Capital Corporation (OTCQB: FCCN) has executed a binding term sheet to acquire Snack Prompt Corp. This acquisition aligns with Spectral's goal of creating a premier platform for AI workflow automations tailored to meet the needs of small and medium-sized businesses (SMBs). The transaction involves the purchase of 100% of Snack Prompt's equity, amounting to a total of 10 million shares of Spectral common stock, with a combination of initial and earn-out shares. This deal marks a significant step in Spectral's continuous efforts to leverage innovation and enhance its market position.

Snack Prompt, known for its rapidly growing marketplace centered on AI workflow automations, has carved out a niche in providing SMBs with the tools necessary to streamline operations. The acquisition not only capitalizes on Snack Prompt’s established identity but also enriches Spectral's comprehensive portfolio of intellectual property (IP) and pending patents. With an additional commitment of up to $5 million in growth capital, subject to meeting defined milestones, the partnership is poised to accelerate product development and broaden distribution partnerships for AI solutions.

A Win-Win Scenario

Jenifer Osterwalder, CEO of Spectral Capital, emphasized that this acquisition isn't just about expansion; it's about focus and scale. "SMBs don't want tool sprawl—they want trusted, ready-to-use AI automations that drive measurable outcomes." By integrating Snack Prompt's marketplace capabilities with Spectral's robust invention engine, the company is strategically positioned to offer simplified AI solutions for various crucial SMB functions—be it in marketing, finance, human resources, or operations.

Moreover, Snack Prompt is recognized for publishing a highly successful AI industry newsletter, consistently ranking among the top five based on circulation. This newsletter serves as a powerful channel to engage a wider spectrum of customers, facilitating the promotion of AI solutions across Spectral’s portfolio, and fostering an environment for increased discovery and adoption.

Eder Teixeira, founder of Snack Prompt, expressed excitement over this merger, stating that joining forces with Spectral provides essential IP firepower and market leverage to enhance their marketplace offerings. This collaboration will not only help Snack Prompt expand but will also contribute to a thriving community around AI solutions, propelled by their influential newsletter.

Transaction Overview

The binding term sheet outlines several key transaction highlights:

• - Spectral intends to acquire 100% of Snack Prompt for 10 million Spectral common shares. This includes 1.5 million initial shares and the potential for an additional 8.5 million earn-out shares based on future performance.
• - An investment of up to $5 million will be allocated towards Snack Prompt's business unit to support growth initiatives, particularly focusing on their AI newsletter and additional projects.
• - The closing of the acquisition is subject to customary conditions, including due diligence, board approvals, and definitive agreements.

Looking Ahead

Spectral Capital's acquisition of Snack Prompt not only underscores its commitment to lead within the AI domain but also highlights a strategic approach to fortifying its offerings. As the demand for seamless and efficient AI solutions rises among SMBs, this partnership is expected to pave the way for enhanced product offerings and a streamlined customer experience.

To learn more about Spectral Capital Corporation and its ambitious ventures, visit their official website. The future looks promising as this collaboration aims to generate practical AI value, reinforcing both companies' standings in the technological space.