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Spectral Capital ( (FCCN) ) has shared an update.
Spectral Capital Corporation has announced the strategic acquisition of Estonian quantum tomography company Quantomo OU. The deal includes a share exchange and a cash payment, with the total purchase price being $8,135,000. The acquisition, expected to close by December 10, 2024, hinges on various conditions such as board approvals, regulatory clearances, and satisfactory due diligence. This move promises to revolutionize data search and optimization technologies by integrating quantum algorithms with Spectral’s Quantum as a Service offerings, potentially transforming multiple industries.
Learn more about FCCN stock on TipRanks’ Stock Analysis page.