0001722731 false 0001722731 2023-08-04 2023-08-04 iso4217:USD xbrli:shares iso4217:USD xbrli:shares











Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report: August 04, 2023

(Date of earliest event reported)



(Exact name of registrant as specified in its charter)


Delaware   000-56338   81-1265459

(State or other jurisdiction

of incorporation)



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)



(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   OTCQB


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 1.02

Termination of a Material Definitive Agreement.


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).


After a five-business day wait, as Section 1.5 of the Escrow Agreement outlined, on August 4, 2023, the escrow agent refunded $180,000 to the Company following a termination notice from the Company to Choice.


Information in this report on Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise incorporated by reference into any filing pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.







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.


August 14, 2023   By: /s/ Imran Firoz
Date     Imran Firoz
      Chief Financial Officer
      (Principal Executive Officer)



Aug. 04, 2023
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Aug. 04, 2023
Entity File Number 000-56338
Entity Registrant Name FDCTECH, INC.
Entity Central Index Key 0001722731
Entity Tax Identification Number 81-1265459
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 200 Spectrum Center Drive
Entity Address, Address Line Two Suite 300
Entity Address, City or Town Irvine
Entity Address, State or Province CA
Entity Address, Postal Zip Code 92618
City Area Code (877)
Local Phone Number 445-6047
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common
Trading Symbol FDCT
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false

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