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Fintech infrastructure company FDCTech, Inc. (PINK: FDCT) has secured shareholder approval for a series of corporate actions that provide the business with greater flexibility to pursue acquisitions and prepare for a potential uplisting to NASDAQ.
FDCTech is the parent of brokerage firms Alchemy Markets and Alchemy Prime, both familiar names to institutional market participants. The development that the company is positioning for a Nasdaq listing will be closely watched by the industry.
Shareholders holding a majority of voting power have approved measures detailed in the firm’s Schedule 14C Information Statement filed with the US Securities and Exchange Commission.
The actions include an increase in authorised common stock from 500 million to 750 million and preferred stock from 10 million to 15 million. In addition, the Board of Directors has been authorised, at its discretion, to implement a reverse stock split in a ratio of no less than 1-for-10 and no more than 1-for-100 at any point prior to 30 June 2026.
FDCTech said these steps will not immediately dilute shareholder holdings, but will allow the company to advance acquisitions such as Swedish-registered Steven AB, trading as Xoala, and to meet the higher share price requirements needed to uplist to Nasdaq or NYSE.
The company added that the measures are also intended to improve access to institutional investors and increase market liquidity.
“The Company wants to reassure shareholders that these authorisations are strategic tools to support our growth trajectory and are not actions that impact shareholder value today. The management team and insiders collectively hold a significant and controlling ownership stake, and our interests are aligned with all shareholders in driving long-term value creation.”
— FDCTech Statement
FDCTech acquired Alchemy Group (Alchemy Markets and Alchemy Prime) in late 2023 and recently announced the acquisition of Swedish Electronic Money Institution Xoala and business development plans across Europe and Asia to grow its fintech and brokerage footprint. The firm said these initiatives, combined with greater capital markets flexibility, are designed to accelerate expansion while maintaining balance sheet discipline.
Alchemy Markets Ltd., regulated by the Malta Financial Services Authority under MiFID II, offers multi-asset execution, custody and institutional-grade trading infrastructure to clients across Europe and other regulated jurisdictions. As part of FDCTech’s international growth strategy, Alchemy is seen as a key pillar for delivering regulated trading solutions globally.
FDCTech, Inc. is a financial technology infrastructure developer serving regulated and OTC brokerages, as well as proprietary and algorithmic trading firms. Its client base spans asset classes including forex, equities, commodities, indices, ETFs and precious metals. The company’s growth model centres on acquiring and integrating small to mid-sized legacy financial services firms, using its proprietary trading technology and liquidity solutions.
