FDCTech acquires 50.1% stake in Alchemy Markets; pro forma shows net loss of $166.7K for H1 2023

FDCTECH, INC.

FDCTech acquired 50.10% equity interest in Alchemy Markets (Malta-regulated forex broker) for $350K business acquisition loan.
Pro forma combined revenue for H1 2023: $4.84M; net loss attributable to FDCTech shareholders: ($166,671).
Alchemy Markets contributed $1.62M trading revenue and $83,978 net income for H1 2023 before elimination.
Bargain purchase gain of $979,342 recorded in H1 2023 but eliminated in pro forma adjustments.
Alchemy Markets audited financials for FY 2022 show $5.52M trading revenue and $325,545 net income.

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