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Red Flags Detected

  • Going Concern (new) — The current filing adds explicit going concern language, citing recurring losses and a working capital deficit, which was not present in the baseline.
OTC: FCCN SPECTRAL CAPITAL Corp S-1/A

Spectral Capital's S-1/A shows Q2 net income of $7,387, but going concern doubt persists

Filed August 12, 2026 · Compared to S-1/A Aug 5, 2026 · ~1 min read

Key Changes

  • high

    Company swung to Q2 net income of $7,387 from a $9,405 Q1 loss, driven by a $9,886 non-cash gain on contingent consideration.

    MD&A: Net income verify on EDGAR →
  • high

    Going concern language added: recurring losses and a $42.6M working capital deficit raise substantial doubt about the company's ability to continue.

    MD&A: Going concern verify on EDGAR →
  • high

    Dilution per share to new investors improved to $4.66 from $4.79, reflecting updated pro forma net tangible book value as of June 30, 2026.

    Dilution verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov

Figures/quotes linked to EDGAR · Narrative written by AI · Aug 30, 2026 · How we verify