other_material
confidence high
sentiment neutral
materiality 0.60
FDCTech shareholders approve increase in authorized shares and reverse split authorization
FDCTECH, INC.
- Approved increase in common stock from 500M to 750M shares and preferred from 10M to 15M shares.
- Board authorized to implement reverse stock split of 1:10 to 1:100 at any time before June 30, 2026.
- Actions support acquisition of Steven AB (Xoala) and potential Nasdaq/NYSE uplisting.
- Company states no immediate dilution; management and insiders hold controlling stake.
item 7.01item 9.01