FDCTECH, INC. Enters Material Definitive Agreement

Ticker: FDCT · Form: 8-K · Filed: Jan 27, 2025 · CIK: 1722731

Sentiment: neutral

Topics: material-definitive-agreement, corporate-update

TL;DR

FDCTECH just signed a big deal, filing 8-K today.

AI Summary

FDCTECH, INC. announced on January 21, 2025, that it entered into a material definitive agreement. The company, formerly known as FDC Tech, Inc. and Forex Development Corp., is incorporated in Delaware and headquartered in Irvine, California.

Why It Matters

This filing indicates a significant new contract or partnership for FDCTECH, INC., which could impact its future revenue and operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, the specifics of which are not detailed in this initial filing.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by FDCTECH, INC.?

The filing does not specify the nature of the material definitive agreement, only that one was entered into on January 21, 2025.

When was the material definitive agreement entered into?

The material definitive agreement was entered into on January 21, 2025.

What were FDCTECH, INC.'s former company names?

FDCTECH, INC. was formerly known as FDC Tech, Inc. and Forex Development Corp.

Where are FDCTECH, INC.'s principal executive offices located?

FDCTECH, INC.'s principal executive offices are located at 200 Spectrum Center Drive, Suite 300, Irvine, CA 92618.

What is the SEC Act under which this 8-K was filed?

This 8-K was filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.

Filing Stats: 635 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2025-01-27 09:30:12

Key Financial Figures

Filing Documents

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report: January 21, 2025 (Date of earliest event reported) FDCTECH, INC. (Exact name of registrant as specified in its charter) Delaware 000-56338 81-1265459 (State or other jurisdiction of incorporation) (Commission File Number) (IRS. Employer Identification No.) 200 Spectrum Center Drive , Suite 300 Irvine , CA 92618 (Address of principal executive offices, including zip code) (877) 445-6047 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: None Title of each class Trading Symbol(s) Name of each exchange on which registered Common FDCT OTC Markets Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01 Entry into a Material Definitive Agreement. January 27, 2025, FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech-driven company specializing in acquiring and integrating small—to mid-size legacy financial services firms, announced the signing of a Letter of Intent (LOI) to acquire Alchemy Global Ltd. ("Alchemy Global"), a Seychelles-registered securities dealer authorized by the Financial Services Authority (FSA) under license number SD136. FDC intends to purchase 100% of Alchemy Global's shares, with the purchase price totaling $2,050,000, including Own Funds Capital of $50,000 and a premium of $2,000,000. The foregoing description of the LOI with Alchemy Global does not purport to be complete. It is qualified in its entirety by reference to the full text of the document, which is filed as an exhibit to this report and is incorporated herein by reference. Item 7.01 Regulation FD Disclosure On January 23, 2025, the Company issued a press release announcing the LOI with Alchemy Group. We have furnished a copy of the press release as Exhibit 99.1 hereto, which is incorporated into Item 7.01 by reference. The information furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section, and is not deemed incorporated by reference in any filing of Basic's under the Securities Act of 1933, as amended unless specifically identified therein as being incorporated therein by reference. ITEM 9.01 F inancial (d) Exhibits. Exhibit Number Description 10.1 Letter of Intent (LOI) dated January 21, 2025. 99.1 Press release dated January 23, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FDCTECH, INC. January 27, 2025 By: /s/ Imran Firoz Date Imran Firoz Chief Financial Officer (Principal Executive Officer) 3

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