Raadr Inc (RDAR)

[BigBadWolf]

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If Spectral Capital (FCCN) is serious about acquiring Telvantis Voice Services, Inc. (a subsidiary of Telvantis/RDAR) and pursuing an uplist to Nasdaq/NYSE, then audited financials under PCAOB standards will be required. Let's explain why as

SEC / Exchange Requirements to uplist to Nasdaq or NYSE, the company must file audited financial statements with the SEC in Form 10, S-1, S-4 (merger registration), or 8-K Super 8-K depending on the deal structure.
Audits must be performed by a PCAOB-registered firm — OTC-level “unaudited” or “compiled” financials don’t cut it.

If Spectral issues stock to acquire Telvantis Voice Services, the acquired entity’s financials must also be audited and included in the combined filings.[

What that means is RDAR/Telvantis Voice Services’ books must be PCAOB-audited (at least 2 years, often 3 depending on significance tests under Reg S-X).

Spectral’s own financials must also be PCAOB-audited which they are as FCCN is PCAOB Audited for their current tier.

Now lets explain why this matters for RDAR shareholders as, Telvantis (RDAR) is selling TVS to Spectral. To complete and register the deal, TVS needs PCAOB audits. (It appears If Telvantis hasn’t been maintaining PCAOB-ready books, this could be a huge delay or cost hurdle.
No PCAOB audit = no SEC clearance = no uplisting.

If Spectral $FCCN is truly pursuing Nasdaq, both companies will need to engage PCAOB auditors now to prepare consolidated and pro forma financials.
Should they not, then all this “uplisting in coming quarters” language is more promotional than practical.