Fdctech, Inc 8-K/A, filed Apr 7, 2025
Fdctech, Inc. (FDCT)
About this 8-K/A
Fdctech, Inc filed this 8-K/A on April 7, 2025, reporting on events of April 3, 2025.
Items reported
- Item 4.01: Change of auditor
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
(Amendment No. 1)
CURRENT REPORT
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EXPLANATORY NOTE
This Amendment No. 1 on Form 8-K/A (the “Amendment”) amends the Current Report on Form 8-K filed by FDCTech, Inc. (the “Company”) with the Securities and Exchange Commission on April 4, 2025 (the “Original Report”).
This Amendment is being filed solely to correct an administrative error in Exhibit 16.1, which erroneously referenced a different issuer name. The exhibit has been revised to reflect the correct issuer name, FDCTech, Inc.
The Company provided the auditor with a copy of this Amendment and offered the opportunity to review and comment on the revised disclosure. The auditor did not indicate any objection to the changes.
Except as expressly noted above and in the corrected exhibit attached hereto, this Amendment does not modify or update any other disclosures made in the Original Report. Accordingly, this Amendment should be read in conjunction with the Original Report.
ITEM 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT
On April 3, 2025, the board of directors of FDCTech, Inc. (the “Company”) approved the dismissal of Olayinka Oyebola & Co. (“Olayinka”) as its independent registered public accounting firm due to recent changes in Olayinka’s status by OTC Markets Group as a Prohibited Service Provider.
The Company retained Olayinka from July 2, 2024, to April 3, 2025. During this period, Olayinka conducted the audit for the fiscal year ending December 31, 2024, and 2023 and reviewed the quarterly reports. There were no disagreements with Olayinka on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of Olayinka, would have caused Olayinka to refer to the matter in its reports on the Company’s financial statements for such periods.
The Company provided Olayinka with a copy of the disclosures in the preceding paragraph and requested that Olayinka furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not they agree with such disclosures. Olayinka provided a letter dated April 3, 2025, stating its agreement with such statements, which is included as exhibit 16.1 to this Current Report on Form 8-K.
On April 3, 2025, the Company, based on the decision of its board of directors, approved the engagement of Lao Professionals (“LAO”) to serve as the Company’s independent registered public accounting firm, commencing April 3, 2025. LAO is a member of the Public Company Accounting Oversight Board (PCAOB) in the United States.
During the fiscal years ended December 31, 2024, and 2023, and through the date of the Board of Directors’ decision, the Company did not consult LAO Professionals with respect to the application of accounting principles to any specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements. Furthermore, there were no consultations with LAO on any matters that were the subject of a disagreement or a reportable event as defined in Items 304(a)(2)(i) and (ii) of Regulation S-K.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit Number |
Description | |
| 16.1 | Letter from Olayinka Oyebola & Co. dated April 3, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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. | |||
| April 7, 2025 | By: | /s/ Imran Firoz | |
| Date | Imran Firoz | ||
| Chief Financial Officer | |||
| (Principal Executive Officer) | |||
Exhibit 16.1
April 3, 2025
Re: FDCTech Inc.
Ladies and Gentlemen:
We have read the statements under item 4.01 in Form 8-K dated April 3, 2025, of FDCTech, Inc. (the “Company”) to be filed with the Securities and Exchange Commission, and we agree with such statements therein as related to our firm. We have no basis to agree or disagree with other statements made by the Company in Form 8-K.
Sincerely,
/s/ OLAYINKA OYEBOLA & CO.
Olayinka Oyebola FCA, FCIT
Managing Partner/ CEO