Alchemy Markets Owner FDCTech Wins Investor Backing for Uplisting and M&A Plans

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FDCTech, the owner of CFD broker Alchemy Markets, hassecured shareholder approval to adjust its capital structure and prepare foruplisting to a major U.S. exchange. The company said the measures will supportacquisitions and give it flexibility to meet regulatory requirements for aNasdaq or NYSE listing.Shareholder ApprovalsInvestors controlling most of FDCTech’s voting rights agreed to increase the authorized common stock from 500 million to 750 million and the preferred stock from 10 million to 15 million. The board also has the option toimplement a reverse stock split of between 1-for-10 and 1-for-100 before June30, 2026.The company stressed that the authorizations do notchange existing shareholder ownership today. Instead, they provide tools toalign with capital market standards.FDCTech is currently listed on the OTC markets. Movingto a national exchange would expand access to institutional investors, improveliquidity, and increase analyst coverage. The company said management andinsiders hold a significant stake, which it described as an alignment ofinterests with shareholders.Acquisition StrategyThe firm focuses on acquiring and modernizing smalland mid-size financial services companies. It has already announced plans tobuy Sweden’s Steven AB, which operates as Xoala. Additional deals are expected as FDCTech builds itsfintech and brokerage presence in Europe and Asia. FDCTech’s internationalstrategy is supported by Alchemy Markets Ltd., a Malta-based investment firmregulated under MiFID II.Expect ongoing updates as this story evolves. This article was written by Jared Kirui at www.financemagnates.com.