FDCTech acquires 50.1% controlling stake in NSFX Ltd, a Malta-regulated broker, for ~$350K

FDCTECH, INC.

Acquired 50.10% equity interest in New Star Capital Trading Ltd. and its subsidiary NSFX Ltd.
NSFX is a Malta Financial Services Authority-regulated online trading brokerage (license IS/56519).
Maximum consideration is net unrealized profits estimated at approximately $350,000.
NSFX provides margin trading in forex, crypto, equities, commodities, and derivatives.
Acquisition completed December 31, 2022; announced January 6, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FDCTECH, INC. entered into Sales Purchase Agreement with NSFX Ltd. valued at approximately $350,000 (maximum) (effective 2022-12-31).

Action: entry
Agreement: equity purchase
Counterparty: NSFX Ltd.
Value: approximately $350,000 (maximum)
Effective: 2022-12-31

Exact text from the filing

On December 31, 2022, FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT) signed a definitive agreement to acquire fifty-one percent (50.10%) fifty-point-one percent (50.10%) equity interest in NSFX Ltd. (NSFX), a European margin trading broker-dealer regulated by Malta Financial Services Authority (MFSA License Number IS/56519).

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FDCTECH, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-000760

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