Corporate ActionJul 1, 2026, 06:07 AM
FDCTech Authorizes Share Increase, Potential Reverse Split
AI Summary
FDCTech, Inc. announced that its Board of Directors approved an increase in authorized common stock from 500 million to 750 million shares and preferred stock from 10 million to 15 million shares. Additionally, the Board authorized a potential reverse stock split, with a ratio between 1-for-10 and 1-for-100, to be effected by June 30, 2026. The company, a financial technology firm, specializes in software solutions and business services for the OTC brokerage and financial services industries, operating across four segments including margin brokerage, wealth management, technology, and payment intermediary services.
Key Highlights
- Board approved increasing authorized common stock from 500,000,000 to 750,000,000 shares.
- Board approved increasing authorized preferred stock from 10,000,000 to 15,000,000 shares.
- Board authorized a potential reverse stock split between 1-for-10 and 1-for-100 ratio by June 30, 2026.
- Company operates four segments: Margin Brokerage, Wealth Management, Technology, and Payment Intermediary Services.
- Wealth management subsidiary (ADS) manages over $530 million in funds under advice.
- Global FX market reached $9.6 trillion daily turnover in April 2025.
- Online trading platform market is projected to reach $15.6 billion by 2030.
- Digital banking platform market is projected to grow to $107.1 billion by 2030.
Price Impact
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