other material
confidence high
sentiment negative
materiality 0.70
FDCTech secures up to $2M equity line with White Lion; separately sells 1M shares for $100k
FDCTECH, INC.
- Equity Purchase Agreement with White Lion Capital for up to $2M of common stock at 88% of lowest 5-day VWAP.
- White Lion receives 670,000 Consideration Shares; agreement runs through May 1, 2022, subject to $2M cap.
- Separate Subscription Agreement with AD Securities America for $100k, selling 1M shares.
- Both issuances are unregistered under Rule 506(b) of Regulation D; Registration Rights granted.
- FDCTech had 87,345,412 shares outstanding as of the execution date; dilution from the new shares.