secwatch.observer — SEC 8-K summary
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Issuer:     FDCTECH, INC. (FDCT)
CIK:        0001722731
Form:       8-K
Filed at:   2026-06-23T20:38:56+00:00
Accession:  0001493152-26-029812
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FDCTech restates 2024 interim financials; non-reliance on three quarterly reports
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- Board concluded Q1, Q2, Q3 2024 interim financial statements cannot be relied upon as of June 23, 2026.
- Errors include misclassifications of client funds, related party cash credits, subscription receivable, and intercompany eliminations.
- Restated figures will be presented as comparative prior-period data in corresponding 2025 quarterly reports, not separate amendments.
- Material weaknesses in internal control over financial reporting identified and disclosed in amended filings.
- Notification sent to former auditor Olayinka Oyebola & Co. regarding the non-reliance determination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722731/000149315226029812/0001493152-26-029812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722731/000149315226029812/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-029812

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