M&A
confidence high
sentiment positive
materiality 0.75
FDCTech signs LOI to acquire Alchemy Global Ltd. for $2.05M, targeting Middle East and Asia
FDCTECH, INC.
- FDCTech to buy 100% of Alchemy Global, a Seychelles FSA-licensed securities dealer, for $2,050,000 ($50K own funds + $2M premium).
- Alchemy Global reported 9M 2024 revenue >$4M, net income $2.2M, net assets $3.88M, and client funds >$6.7M.
- Deal expected to close by Q3 2025, subject to regulatory approvals; FDC plans to integrate proprietary trading platform.
- Acquisition aims to enter Middle East and Asian markets; Seychelles jurisdiction used by major brokers like Plus500 and eToro.