secwatch.observer — SEC 8-K summary
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Issuer:     FDCTECH, INC. (FDCT)
CIK:        0001722731
Form:       8-K
Filed at:   2022-05-27T23:59:59+00:00
Accession:  0001493152-22-015244
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FDCTech announces up to $4M convertible note offering tied to Nasdaq uplisting
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722731/000149315222015244/0001493152-22-015244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722731/000149315222015244/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-015244

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