FDCTech, Inc. recently filed an 8-K with the Securities and Exchange Commission (SEC) on October 14, 2026, detailing its entry into a material definitive agreement to acquire two companies. This acquisition is significant as it marks a strategic expansion for FDCTech into the electronic money sector.
FDCTech, Inc. is a Delaware-based company primarily engaged in the services of prepackaged software. The company has undergone several name changes, previously known as Forex Development Corp. and FDC Tech, Inc. The filing, identified by accession number 0001493152-26-046961, is a standard requirement for public companies to disclose significant events that could impact their financial status.
Details of the Filing
According to the filing, FDCTech entered into two related share purchase agreements on October 6, 2026. The agreements involve the acquisition of Larstal Limited, a private company incorporated in England and Wales, and Larstal Denmark ApS, a Danish private limited company. Both Larstal companies are authorized electronic money institutions under their respective regulatory bodies: the U.K. Financial Conduct Authority (FCA) and the Danish Financial Supervisory Authority (DFSA).
The agreements stipulate that FDCTech will acquire all issued shares of both Larstal companies. Specifically, the company will purchase 6,217,752 shares of Larstal UK from its current owners and 4,895,729 shares of Larstal Denmark from Larstal UK.
Financial Terms
The total purchase price for both acquisitions is set at $2.35 million, with each company’s base price being $1.175 million. The payment structure includes an initial deposit of $117,500 for each agreement, with subsequent payments tied to regulatory approvals and interim monthly payments.
FDCTech will also pay an amount equal to the target companies' regulatory own funds requirement at completion. The agreements are structured to be cash-free and debt-free, with adjustments based on completion accounts.
Conditions for Completion
Completion of the acquisition is contingent upon several conditions, including regulatory approvals from the FCA and DFSA. The agreements require FDCTech to submit change in control applications to these authorities within 14 days of signing the SPAs. Until completion, the current owners of Larstal will retain control over the companies.
Furthermore, the agreements include provisions to ensure that the Larstal companies continue to operate in compliance with regulatory requirements during the transition period. The sellers have committed to consulting with FDCTech on key management changes and other operational matters.
Impact of the Acquisition
This acquisition could have several implications for FDCTech and its stakeholders. By entering the electronic money sector, FDCTech may enhance its service offerings and market position. The acquisition could also impact employees, customers, and investors as the company integrates the Larstal operations into its business model.
What’s Next?
Following this filing, the next steps involve obtaining the necessary regulatory approvals for the change in control applications. The filing does not specify what happens next beyond these regulatory processes.