secwatch.observer — SEC 8-K summary
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Issuer:     FDCTECH, INC. (FDCT)
CIK:        0001722731
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001493152-23-031803
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722731/000149315223031803/0001493152-23-031803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722731/000149315223031803/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-031803

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer