Recent approvals provide flexibility for acquisitions, exchange uplisting, and long-term shareholder value.
FDCTech, a fintech-driven firm specializing in acquiring and scaling small to mid-size legacy financial services companies, announced that shareholders holding a majority of the Company’s voting power have approved certain corporate actions detailed in its recently filed Schedule 14C Information Statement with the U.S. Securities and Exchange Commission (SEC).
The approved actions include (i) an increase in authorized common stock from 500 million to 750 million and preferred stock from 10 million to 15 million; and (ii) authorization for the Board of Directors, at its discretion, to implement a reverse stock split of the Company’s common stock in a ratio of not less than 1-for-10 and not more than 1-for-100 at any time prior to June 30, 2026.
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FDCTech emphasized that these measures do not result in any immediate dilution or change to existing shareholder ownership, but rather provide the Company with flexibility to:
- Advance ongoing acquisition initiatives, such as Steven AB, trading as Xoala, a Swedish-registered company (Reg. No. 559026‑5673).
- Position the Company for a potential uplist to Nasdaq or NYSE, requiring higher share price thresholds.
- Access broader pools of institutional investors, increasing liquidity and visibility.
The Company wants to reassure shareholders that these authorizations 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.
The Company has recently announced a series of acquisitions and business development initiatives designed to expand its fintech and brokerage presence across Europe and Asia. These initiatives, combined with enhanced capital markets flexibility, are intended to accelerate the Company’s growth while maintaining prudent balance sheet discipline.
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