---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-028098"
form_type: "8-K"
ticker: "FDCT"
cik: "0001722731"
company_name: "FDCTECH, INC."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T11:50:06.989551+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# FDCTech terminates purchase agreement for CIM Securities controlling interest; escrow refunds $180,000

## Summary
- On July 30, 2023, FDCTech gave notice terminating the purchase agreement with Choice Investment Management for CIM Securities, LLC.
- After five-business-day waiting period, escrow agent refunded $180,000 to FDCTech on August 4, 2023.
- The terminated agreement would have given FDCTech a controlling interest in CIM Securities, a broker-dealer.
- No reason for termination disclosed; company recovers the escrow deposit.

## SEC filing metadata
- accession: 0001493152-23-028098
- form_type: 8-K
- ticker: FDCT
- cik: 0001722731
- company_name: FDCTECH, INC.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722731/000149315223028098/0001493152-23-028098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722731/000149315223028098/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-028098
- JSON: https://secwatch.observer/filing/0001493152-23-028098.json
- Plain text: https://secwatch.observer/filing/0001493152-23-028098.txt

## Key facts
- Material Agreements
  FDCTECH, INC. terminated purchase agreement between the Company and Choice Investment Management, LLC for acquiring a controlling interest in CIM Securities, LLC with Choice Investment Management, LLC valued at Termination of purchase agreement; escrow agent refunded $180,000 to the Company (effective 2023-07-30).
  - Action: termination
  - Counterparty: Choice Investment Management, LLC
  - Value: Termination of purchase agreement; escrow agent refunded $180,000 to the Company
  - Effective: 2023-07-30
  source text: On July 30, 2023, FDCTech, Inc. (“FDC” or the “Company,” OTCQB: FDCT ) gave the notice of termination of the purchase agreement between the Company and Choice Investment Management, LLC (Choice) for acquiring a controlling interest in CIM Securities, LLC (BD).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722731/000149315223028098/0001493152-23-028098-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.