secwatch.observer — SEC 8-K summary
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Issuer:     FDCTECH, INC. (FDCT)
CIK:        0001722731
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001493152-23-028098
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722731/000149315223028098/0001493152-23-028098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722731/000149315223028098/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-028098

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