M&A
confidence high
sentiment neutral
materiality 0.50
FDCTech acquires 51% of Ad Financial Services Pty Ltd for 45M restricted shares
FDCTECH, INC.
- FDCTech issues 45M restricted shares to ADFP for 62.45M shares (51%) of Ad Financial Services.
- Target's operating entity is AD Advisory Services Pty Ltd; closing targeted by Dec 31, 2021.
- Shares issued under private offering exemption (Section 4(a)(2)/Reg S); restricted for 12 months post-Form 10 filing.