secwatch.observer — SEC 8-K summary
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Issuer:     FDCTECH, INC. (FDCT)
CIK:        0001722731
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001493152-23-034845
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FDCTech signs binding LOI to acquire Alchemy Group for 1.7M Series B shares
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- FDCTech acquiring 100% of Alchemy Markets DMCC, Alchemy Prime Ltd., and remaining 49.90% of Alchemy Markets Ltd.
- Consideration of 1,700,000 Series B Preferred shares; number may adjust by mutual agreement.
- Alchemy Group had audited FY2022 revenues of >$22M, net income >$12M, and net financial assets >$20M.
- Transaction expected to close within 30 days; existing management and board to remain.
- Adds regulated entities in UAE, UK, Malta, and targets European, Asian, Australian markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722731/000149315223034845/0001493152-23-034845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722731/000149315223034845/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-034845

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