debt
confidence high
sentiment neutral
materiality 0.70
FDCTech announces up to $4M convertible note offering tied to Nasdaq uplisting
FDCTECH, INC.
- Offers up to $4M in 9% convertible notes; automatic conversion at 65% of public offering price if uplisted to Nasdaq.
- Default conversion price set at $0.07/share if uplisting fails; max 42.9M shares (2.86x current common).
- Engaged CIM Securities as placement agent; 8% cash fee plus 2% non-accountable expense allowance and 8% warrant coverage.
- Series A preferred stock carries 50 votes per share, giving 50.18% voting control fully diluted.
- Also engaged EF Hutton for proposed uplisting to a national securities exchange.