M&A
confidence high
sentiment neutral
materiality 0.80
FDCTech enters definitive agreement to acquire Alchemy UK and Malta; secures $8M in investments
FDCTECH, INC.
- FDCTech will acquire 100% of Alchemy Prime Ltd (UK) and remaining 49.9% of Alchemy Markets Ltd (Malta) for 1.8M Series B Preferred shares at $1.41 each.
- Alchemy Prime Holdings shareholder invests $2.5M for Series A Preferred at $1.00/share and $5.5M for 50M common shares at $0.11/share.
- Transaction is with controlling shareholder Gope S. Kundnani; regulatory approvals from FCA UK and MFSA pending.
- Company will not acquire Alchemy UAE; its margin brokerage activities will transfer to Alchemy Malta.
- Shareholders representing ~89% of 333.6M outstanding shares approved the actions.