Fdctech, Inc 8-K, filed Aug 14, 2023
Fdctech, Inc. (FDCT)
About this 8-K
Fdctech, Inc filed this 8-K on August 14, 2023, reporting on events of August 4, 2023.
Items reported
- Item 1.02: Ended a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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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.
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. | |||
| August 14, 2023 | By: | /s/ Imran Firoz | |
| Date | Imran Firoz | ||
| Chief Financial Officer | |||
| (Principal Executive Officer) | |||