FDCTECH, INC. reported that prior financial statements should not be relied upon.
“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”
Earnings Releases
FDCTECH, INC. reported fiscal year ended December 31, 2025 results: revenue Total revenues of $34,959,399, net income $5,783,223, EPS $0.01 per basic and diluted share.
“FDCTech, Inc. Reports Record Fiscal Year 2025 Financial Results Revenue Surges 30% to $35.0 Million; Company Returns to Profitability with $5.8 Million Net Income; Accumulated Deficit Fully Eliminated, Uplisting to National Exchange Advancing IRVINE, CA, April 22, 2026 – FDCTech, Inc. (OTC: FDCT) (“FDCTech” or the “Company”), a diversified global financial technology company, today announced financial results for the fiscal year ended December 31, 2025, and confirmed the filing of its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission.”
Auditor Changes
FDCTECH, INC. engaged Lao Professionals as its auditor.
“On April 3, 2025, the Company, based on the decision of its board of directors, approved the engagement of Lao Professionals (“LAO”) to serve as the Company’s independent registered public accounting firm, commencing April 3, 2025.”
Auditor Changes
FDCTECH, INC. dismissed Olayinka Oyebola & Co. as its auditor.
“On April 3, 2025, the board of directors of FDCTech, Inc. (the “Company”) approved the dismissal of Olayinka Oyebola & Co. (“Olayinka”) as its independent registered public accounting firm due to recent changes in Olayinka’s status by OTC Markets Group as a Prohibited Service Provider.”
Auditor Changes
FDCTECH, INC. engaged Lao Professionals as its auditor.
“On April 3, 2025, the Company, based on the decision of its board of directors, approved the engagement of Lao Professionals (“LAO”) to serve as the Company’s independent registered public accounting firm, commencing April 3, 2025.”
Auditor Changes
FDCTECH, INC. dismissed Olayinka Oyebola & Co. as its auditor.
“On April 3, 2025, the board of directors of FDCTech, Inc. (the “Company”) approved the dismissal of Olayinka Oyebola & Co. (“Olayinka”) as its independent registered public accounting firm due to recent changes in Olayinka’s status by OTC Markets Group as a Prohibited Service Provider.”
Auditor Changes
FDCTECH, INC. engaged Fortune CPA Inc. as its auditor.
“On March 4, 2024, the Company, based on the decision of its board of directors, approved the engagement of Fortune CPA Inc., Orange, California ("Fortune") to serve as the Company’s independent registered public accounting firm, commencing March 4, 2024.”
Auditor Changes
FDCTECH, INC. dismissed Bolko & Company as its auditor.
“On March 4, 2024, the board of directors of FDCTech, Inc. (the "Company") terminated its relationship with its independent registered public accounting firm, Bolko & Company, Boca Raton, Florida ("Bolko"), effective as of March 4, 2024.”
Material Agreements
FDCTECH, INC. entered into a merger with Alchemy Group valued at 1,800,000 shares of its Series B Preferred stock (effective 2023-09-30).
“On September 30, 2023, FDCTech, Inc. (“FDC” or the “Company,” OTCQB: FDCT ) signed the definitive agreement with Alchemy Group where the Company acquired 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and 49.90% of Alchemy Markets Ltd. (Alchemy Malta). After the acquisition of 49.90% of Alchemy Malta, the Company will control 100.00% of all issued outstanding shares of Alchemy Malta. The acquisition of Alchemy UK and Alchemy Malta is subject to regulatory approval by the Financial Conduct Authority (FCA UK) and Malta Financial Services Authority (MFSA), respectively. The Company will issue 1,800,000 shares of its Series B Preferred stock, or such other number of shares that the parties agree upon to shareholder(s) and employees of Alchemy Group, for the acquisition.”
Material Agreements
FDCTECH, INC. terminated purchase agreement between the Company and Choice Investment Management, LLC for acquiring a controlling interest in CIM Securities, LLC with Choice Investment Management, LLC valued at Termination of purchase agreement; escrow agent refunded $180,000 to the Company (effective 2023-07-30).
“On July 30, 2023, FDCTech, Inc. (“FDC” or the “Company,” OTCQB: FDCT ) gave the notice of termination of the purchase agreement between the Company and Choice Investment Management, LLC (Choice) for acquiring a controlling interest in CIM Securities, LLC (BD).”
Auditor Changes
FDCTECH, INC. engaged Bolko & Company as its auditor.
“On April 18, 2023, the Company, based on the decision of its board of directors, approved the engagement of Bolko & Company, Boca Raton, Florida ("Bolko") to serve as the Company’s independent registered public accounting firm”
Auditor Changes
FDCTECH, INC. dismissed BF Borgers CPA PC as its auditor.
“On April 18, 2023, the board of directors of FDCTech, Inc.(the "Company") terminated its relationship with its independent registered public accounting firm, BF Borgers CPA PC”
Material Agreements
FDCTECH, INC. entered into Stock Purchase Agreement with New Star Capital Trading Ltd. valued at $350,000 business acquisition loan liability assumed (effective 2022-12-31).
“On December 31, 2022, the Company announced the Stock Purchase Agreement (“Agreement”) under which the Company acquired a 50.10% equity interest in New Star Capital Trading Ltd., a British Virgin Island company (“New Star”) and its operating subsidiary NSFX Ltd (“NSFX”).”
Material Agreements
FDCTECH, INC. entered into Sales Purchase Agreement with NSFX Ltd. valued at approximately $350,000 (maximum) (effective 2022-12-31).
“On December 31, 2022, FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT) signed a definitive agreement to acquire fifty-one percent (50.10%) fifty-point-one percent (50.10%) equity interest in NSFX Ltd. (NSFX), a European margin trading broker-dealer regulated by Malta Financial Services Authority (MFSA License Number IS/56519).”
Gope Kundnani was appointed as Director at FDCTECH, INC..
“the Board of Directors of FDCTech, Inc. (the “Company”) increased its board size from three to four directors and appointed Gope Kundnani, age 65, to the vacancy.”
Charles R. Provini resigned as Director at FDCTECH, INC..
“RESIGNATION OF CHARLES R. PROVINI AS THE DIRECTOR OF THE COMPANY”
Mitchell M. Eaglstein was appointed as acting Chairman of the Board at FDCTECH, INC..
“Mitchell M. Eaglstein shall be the acting Chairman of the Company.”
Warwick Kerridge was terminated as Chairman of the Board of Directors at FDCTECH, INC..
“Effective August 24, 2021, upon the consent of the majority of the stockholders of the Corporation representing at least 68.73% of the issued and outstanding shares of the Company and per Section 222 of the General Corporation Law of the State of Delaware, voted in favor of terminating Warwick Kerridge from the Board of Directors.”
Charles R. Provini was appointed as Director at FDCTECH, INC..
“On July 6, 2021, the Board of Directors of FDCTech, Inc. (the “Company”) increased its board size from four to five directors and appointed Charles R. Provini, age 74, to the vacancy.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.