FDCTech, Inc. Announces Intention to Apply for Uplisting to a Senior Exchange

Rhea-AI Summary

FDCTech (FDCT) has announced its intention to uplist to a senior national securities exchange, either the Nasdaq Capital Market or NYSE. The company has engaged Lucosky Brookman LLP to assist with the uplisting process. FDCTech, a fintech company focused on acquiring and integrating small to mid-size legacy financial services firms, aims to enhance shareholder value and increase market visibility through this move.

However, the company currently does not meet the necessary financial and regulatory criteria for uplisting, and there is no guarantee of meeting these requirements or receiving approval in the future. FDCTech's core business involves developing regulatory-grade financial technology infrastructure for future financial markets, serving various types of brokerages and trading firms dealing in forex, stocks, CFDs, and other asset classes.

Positive

• Strategic engagement of Lucosky Brookman LLP for potential uplisting process
• Potential for enhanced liquidity and broader investor base if uplisting succeeds
• Possible improved access to capital markets through senior exchange listing

Negative

• Company currently does not meet financial and regulatory requirements for uplisting
• No assurance of meeting future uplisting criteria
• Uncertainty regarding approval of uplisting application

The Company believes uplisting to a senior exchange will enhance liquidity, expand our investor base, and provide greater access to capital markets 

Irvine, CA, Feb. 12, 2025 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," PINK: FDCT), a fintech-driven company specializing in acquiring and integrating small—to mid-size legacy financial services firms, proudly announces that that it has engaged Lucosky Brookman LLP to assist the Company in exploring an uplisting to a senior national securities exchange such as the Nasdaq Capital Market or the New York Stock Exchange (NYSE).

The Company’s engagement of Lucosky Brookman marks a significant step toward enhancing shareholder value and increasing market visibility. As part of this process, FDCTech intends to submit an application for uplisting and work toward meeting the stringent regulatory and financial requirements necessary for listing on a senior exchange.

However, there is no assurance that the Company will ultimately meet the listing requirements or that the uplisting application will be approved. Currently, FDCTech does not meet the necessary financial and regulatory criteria for uplisting, and there is no guarantee that it will do so in the future.

Please visit our SEC filings or the Company's website for more information on the full results and management's plan.

FDCTech, Inc.

FDCTech, Inc. ("FDC") is a regulatory-grade financial technology infrastructure developer designed to serve the future financial markets. Our clients include regulated and OTC brokerages and prop and algo trading firms of all sizes in forex, stocks, CFDs, commodities, indices, ETFs, precious metals, and other asset classes. Our growth strategy involves acquiring and integrating small to mid-size legacy financial services companies, leveraging our proprietary trading technology and liquidity solutions to deliver exceptional value to our clients.

Press Release Disclaimer

This press release's statements may be forward-looking statements or future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third party. Therefore, in no case will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.

Contact Media Relations
FDCTech, Inc.
info@fdctech.com
www.fdctech.com
+1 877-445-6047
200 Spectrum Center Drive, Suite 300,
Irvine, CA, 92618

FAQ

What are the potential benefits of FDCT's planned uplisting to Nasdaq or NYSE?

The planned uplisting aims to enhance liquidity, expand the investor base, and provide greater access to capital markets for FDCT shareholders.

Does FDCT currently meet the requirements for uplisting to Nasdaq or NYSE?

No, FDCTech currently does not meet the necessary financial and regulatory criteria required for uplisting to either exchange.

Which law firm has FDCT engaged for the uplisting process?

FDCT has engaged Lucosky Brookman LLP to assist with exploring the uplisting process to a senior national securities exchange.

What exchanges is FDCT considering for uplisting from Pink Sheets?

FDCT is considering uplisting to either the Nasdaq Capital Market or the New York Stock Exchange (NYSE).

What is FDCT's current business focus in the financial services sector?

FDCT specializes in acquiring and integrating small to mid-size legacy financial services firms while developing regulatory-grade financial technology infrastructure.