secwatch.observer — SEC 8-K summary
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Issuer:     FDCTECH, INC. (FDCT)
CIK:        0001722731
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001493152-23-044035
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FDCTech enters definitive agreement to acquire Alchemy UK and Malta; secures $8M in investments
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722731/000149315223044035/0001493152-23-044035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722731/000149315223044035/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044035

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