FDCTech issues 118,592,200 common shares in unregistered Series B conversion

Reuters2026/08/26 16:14

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FDCTech issued 118,592,200 common shares on July 13, 2026, via conversion of all 2,371,844 Series B Convertible Preferred shares.
No cash proceeds; shares issued in an unregistered transaction under Securities Act Section 4(a)(2).
Board set conversion at 50 common shares per Series B share following a reverse stock split; Series B is now eliminated.
Director Gope S. Kundnani received 99,592,200 common shares through direct holdings and an affiliated entity, increasing related-party ownership concentration.
Common shares outstanding totaled 122,823,068 following the conversion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FDCTECH Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-040184), on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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FDCTech issues 118,592,200 common shares in unregistered Series B conversion

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