Gope Kundnani
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.
Highest-materiality recent filing
FDCTech completes 1:100 reverse split, Series B conversion, and capital stock increases
Reverse split effective July 10, 2026; shares cut from 423,084,729 to 4,230,868, traded under FDCTD for 20 days.
FDCTech restates 2024 interim financials; non-reliance on three quarterly reports
Board concluded Q1, Q2, Q3 2024 interim financial statements cannot be relied upon as of June 23, 2026.
FDCTech restates multiple periods; board says prior financials can no longer be relied upon
Errors include $7.1M misclassification of client funds as cash and $8.2M subscription receivable reclassified to contra-equity.
FDCTech FY2025 revenue up 30% to $35M, net income $5.8M, eliminates accumulated deficit
Revenue $34.96M (+30% YoY); net income $5.78M ($0.01 EPS) vs net loss $18.8K in FY2024 (restated).
Q3 2025 net income of $755,408 vs net loss of $649,565 in Q3 2024, a $1.4M turnaround.
FDCTech acquires 99.9% of Alchemy International for $2M in related-party deal
Acquired 49,950 of 50,000 shares of Alchemy International Ltd., a Seychelles FSA-licensed securities dealer, for $2,000,000.
FDCTech subsidiary Alchemy Markets launches direct TradingView integration with live execution
Integration live Sept 15, 2025; Alchemy clients can now trade forex, crypto, indices, commodities directly from TradingView charts.
FDCTech shareholders approve increase in authorized shares and reverse split authorization
Approved increase in common stock from 500M to 750M shares and preferred from 10M to 15M shares.
FDCTech signs non-binding LOI to acquire Swedish EMI Xoala for $6.75M
Total purchase price $6.75M for 100% of Steven AB (Xoala), paid in five annual installments of $1.35M starting June 2026.
FDCTech engages E.F. Hutton as financial advisor for capital raise and uplisting
Engagement effective May 23, 2025; E.F. Hutton to advise on financing and strategic transactions.
FDCTech Q1 2025 revenue up 59% YoY to $10.11M; net income down to $301K
Revenue $10.11M vs $6.38M YoY (+58.59%); gross profit $5.18M (+121%).
FDCTech FY2024 revenue up 111% to $26.94M; net profit drops to $80K from $1.57M
Revenue $26.94M (+111.24% YoY) driven by full-year consolidation of Alchemy Markets and Alchemy Prime.
FDCTech signs LOI to acquire Alchemy Global Ltd. for $2.05M, targeting Middle East and Asia
FDCTech to buy 100% of Alchemy Global, a Seychelles FSA-licensed securities dealer, for $2,050,000 ($50K own funds + $2M premium).
FDCTech expands in Europe: AML acquires 2,631 clients, €5.6M equity, new license
AML acquired 2,631 Next Markets clients with €5.6M client equity in German retail CFD/equities market.
FDCTech revenue up 162% YoY to $18.2M, working capital turns to surplus $8.6M
Nine-month revenue $18.18M (+162% YoY); net loss $861K vs net income $321K in prior year.
FDCTech enters definitive agreement to acquire Alchemy UK and Malta; secures $8M in investments
FDCTech will acquire 100% of Alchemy Prime Ltd (UK) and remaining 49.9% of Alchemy Markets Ltd (Malta) for 1.8M Series B Preferred shares at $1.41 each.
FDCTech Q3 net income $638K vs loss; total revenue up 138% YoY
Q3 2023 total revenue $3.65M, up 138% from $1.53M in Q3 2022.
Acquires 100% of Alchemy Markets DMCC (UAE), 100% of Alchemy Prime Ltd. (UK), and 49.9% of Alchemy Markets Ltd. (Malta), gaining full control of Malta entity.
FDCTech signs binding LOI to acquire Alchemy Group for 1.7M Series B shares
FDCTech acquiring 100% of Alchemy Markets DMCC, Alchemy Prime Ltd., and remaining 49.90% of Alchemy Markets Ltd.
FDCTech acquires 50.1% stake in Alchemy Markets; pro forma shows net loss of $166.7K for H1 2023
FDCTech acquired 50.10% equity interest in Alchemy Markets (Malta-regulated forex broker) for $350K business acquisition loan.
FDCTech Q2 net income $922k vs loss year ago; tech revenue up 239%
Total revenue $1.77M, up 16% YoY; tech revenue $301k, up 239% YoY.
FDCTech Q1 revenue flat but tech revenue up 157%; net loss narrows 41%
Total revenue $1.55M, essentially flat YoY; tech revenue $173K, up 157%.
FDCTech acquires 50.1% controlling stake in NSFX Ltd, a Malta-regulated broker, for ~$350K
Acquired 50.10% equity interest in New Star Capital Trading Ltd. and its subsidiary NSFX Ltd.
FDCTech reports 1,985% revenue increase to $3.1M for H1 2022; net loss widens to $748,918
Revenue for six months ended June 30, 2022 was $3,066,971, up from $147,078 in prior year.
FDCTech announces up to $4M convertible note offering tied to Nasdaq uplisting
Offers up to $4M in 9% convertible notes; automatic conversion at 65% of public offering price if uplisted to Nasdaq.
FDCTech Q1 revenue surges 2,295% to $1.54M on acquisition; net loss widens to $389K
Consolidated revenue $1,541,122 vs $64,353 in prior-year period, a 2,295% increase driven by AD Advisory acquisition.
FDCTech acquires 51% of AD Financial Services; acquired firm posts $5.9M FY2021 revenue
FDCTech issued 45M restricted common shares to acquire 51% of AD Financial Services Pty Ltd.
FDCTech secures up to $2M equity line with White Lion; separately sells 1M shares for $100k
Equity Purchase Agreement with White Lion Capital for up to $2M of common stock at 88% of lowest 5-day VWAP.
FDCTech terminates Genesis Financial acquisition; Chairman removed
Terminated Stock Purchase Agreement (June 2, 2021) to acquire 100% of Genesis Financial.
FDCTech dismisses auditor Farber Hass Hurley, appoints BF Borgers CPA PC
Board dismissed Farber Hass Hurley LLP as independent auditor effective July 2, 2021.
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.
RESIGNATION OF CHARLES R. PROVINI AS THE DIRECTOR OF THE COMPANY
Mitchell M. Eaglstein shall be the acting Chairman of the Company.
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.
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.
Max materiality 0.90 · Median 0.60 · Most common event other_material