---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-027774"
form_type: "8-K"
ticker: "FDCT"
cik: "0001722731"
company_name: "FDCTECH, INC."
filed_at: "2026-06-08T21:30:48+00:00"
generated_at: "2026-06-08T21:32:31.847025+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# FDCTech restates multiple periods; board says prior financials can no longer be relied upon

## Summary
- Errors include $7.1M misclassification of client funds as cash and $8.2M subscription receivable reclassified to contra-equity.
- 2024 total assets restated to $33.8M from $41.8M; net income attributable risen to $247.5K from $80.0K.
- 2025 quarterly net income adjustments: Mar 2025 increased by $209.6K; Jun 2025 net loss changed slightly; Sep 2025 net income reduced by $20.2K.
- Material weaknesses in internal control over financial reporting identified; remediation plan included in amended filings.
- Restatements triggered by reaudit by new auditor LAO and an SEC staff comment letter received May 11, 2026.

## SEC filing metadata
- accession: 0001493152-26-027774
- form_type: 8-K
- ticker: FDCT
- cik: 0001722731
- company_name: FDCTECH, INC.
- filed_at: 2026-06-08T21:30:48+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722731/000149315226027774/0001493152-26-027774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722731/000149315226027774/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-027774
- JSON: https://secwatch.observer/filing/0001493152-26-027774.json
- Plain text: https://secwatch.observer/filing/0001493152-26-027774.txt

## Key facts
- Auditor Changes
  FDCTECH, INC. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: LAO Professionals
  source text: anagement and LAO Professionals (“LAO”), the Company’s current independent registered public accounting firm, and having completed its evaluation of the nature and magnitude of the errors described below, concluded that the following previously issued financial statements of the Company should no longer be relied upon: (i) the audited consolidated financial statements as of and for the fiscal year ended December 31, 2024, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025 (the “2024 Form 10-K”), together with the related report of Olayinka Oyebola & Co. (“Olayinka”); (ii) the audited consolidated financial statements as of and for the fiscal year ended December 31, 2025, included in the Company’s Annual Report on Form 10-K filed with the SEC on April 17, 2026, as amended by Amendment No. 1 on Form 10-K/A fi
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722731/000149315226027774/0001493152-26-027774-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.