FDCTECH Inc.

03/28/2024 | Press release | Distributed by Public on 03/28/2024 11:13

Late Filing Notice - Form NT 10-K

OMB APPROVAL
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 		OMB Number: 3235-0058
Expires: October 31, 2018
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FORM 12b-25 SEC FILE NUMBER
CUSIP NUMBER
NOTIFICATION OF LATE FILING
(Check one):

☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 0-D ☐ Form N-SAR ☐ Form N-CSR

☐ Form N-CEN

For Period Ended: December 31, 2023
☐ Transition Report on Form 10-K
☐ Transition Report on Form 20-F
☐ Transition Report on Form 11-K
☐ Transition Report on Form 10-Q
☐ Transition Report on Form N-SAR
☐ Transition Report on Form N-CEN

For the Transition Period Ended: ____________________

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I - REGISTRANT INFORMATION

FDCTECH, INC.
Full Name of Registrant
Former Name if Applicable
200 Spectrum Center Drive, Suite 300
Address of Principal Executive Office (Street and Number)
Irvine, CA 92618
City, State and Zip Code

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

☒ (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D,or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, N-CEN or the transition report or portion thereof, could not be filed within the prescribed time period.

PART IV - OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification
Imran Firoz (877) 445-6047
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
Yes ☒ NO ☐
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
Yes ☒ NO ☐

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

On November 30, 2023, the registrant acquired the remaining 49.90% equity interest in Alchemy Markets Ltd. (AML, formerly NSFX Ltd), a European margin trading broker/dealer company licensed by the Malta Financial Authority. As a result, the registrant now owns one hundred percent (100.00%) interest in AML.

On November 30, 2023, the registrant acquired the remaining 100.00% equity interest in Alchemy Prime Ltd. (APL), an investment firm regulated by the Financial Conduct Authority ('FCA'). It provides investment advice, acts as agent and principal, safeguards and administers assets in forex, equity, commodities, spread bets, and other financial assets, and provides investment advice.

The registrant is consolidating both AML's and APL's financial statements with its financial statements and requires extra time to complete the consolidation without unreasonable time and expense.

The acquisition of NSFX Ltd. will materially increase the net assets and revenues of the registrant.

FDCTECH, INC.

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date March 28, 2024 By: /s/ Imran Firoz
Imran Firoz
Chief Financial Officer
(Principal Executive Officer)