Spectral Capital Executes Binding Term Sheet to Acquire Snack Prompt

FCCN
October 08, 2025
Spectral Capital Corporation (OTCQB: FCCN) announced on October 7, 2025 that it has executed a binding term sheet to acquire 100% of Snack Prompt Corp., a fast‑growing marketplace for AI workflow automations serving small and medium‑sized businesses. Under the term sheet, Spectral will issue 10,000,000 shares of its common stock—1,500,000 initial shares and up to 8,500,000 earn‑out shares—along with a commitment of up to $5,000,000 in growth capital subject to agreed milestones and audit conditions. The acquisition targets Snack Prompt’s marketplace, which connects SMBs to AI automations across core business functions such as marketing, customer support, finance, HR, and operations, and its widely read AI industry newsletter. Spectral plans to leverage its extensive invention portfolio and pending patents to accelerate product development, expand distribution partnerships, and deliver vertical solutions that drive measurable outcomes for SMB customers. The deal is positioned to make Spectral the leading platform for SMB AI automation buying, combining Snack Prompt’s media reach with Spectral’s IP engine. This binding term sheet represents a significant expansion of Spectral’s product portfolio and customer base into the SMB AI automation market. By adding Snack Prompt’s marketplace and audience, Spectral gains immediate access to a large, engaged user base and a new revenue stream that aligns with its strategy of building, acquiring, and scaling AI‑focused products. The transaction is still subject to closing conditions, but the announcement signals Spectral’s continued pursuit of strategic acquisitions to accelerate its growth trajectory. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.