Spectral Capital, which provides platforms for sending SMSs and other messages for telecoms and enterprises, lowered the proposed deal size for its upcoming IPO on Friday.
The Seattle, WA-based company now plans to raise $5 million by offering 1.1 million shares at $4.50. The company had previously filed to offer 3.3 million shares at $4.50. Spectral Capital will raise 67% less in proceeds than previously anticipated and command a fully diluted market value of $456 million.
Spectral has operated continuously as an operating company; however, for much of its history, the Company’s operations were relatively small in scale and primarily focused on research and development, software experimentation, and intellectual property creation. Through acquisitions completed in 2025, the Company now operates telecommunications and messaging infrastructure businesses that generate recurring revenues through established commercial services.
Spectral Capital was founded in 2000 and booked $669 million in revenue for the 12 months ended June 30, 2026. It plans to list on the Nasdaq under the symbol FCCN. Sentinel Brokers and Revere Securities are the joint bookrunners on the deal.
