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Alchemy Markets Owner FDCTech Wins Investor Backing for Uplisting and Acquisition Plans

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FDCTech, the owner of CFD broker Alchemy Markets, has secured shareholder approval to adjust its capital structure and prepare for uplisting to a major U.S. exchange.

The company said the measures will support acquisitions and give it flexibility to meet regulatory requirements for a Nasdaq or NYSE listing.

Shareholder Approvals

Investors 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 to implement a reverse stock split of between 1-for-10 and 1-for-100 before June 30, 2026.

The company stressed that the authorizations do not change existing shareholder ownership today. Instead, they provide tools to align with capital market standards.

Related: Alchemy Markets Launches New Copy Trading Platform

FDCTech is currently listed on the OTC markets. Moving to a national exchange would expand access to institutional investors, improve liquidity, and increase analyst coverage. The company said management and insiders hold a significant stake, which it described as an alignment of interests with shareholders.

Acquisition Strategy

The firm focuses on acquiring and modernizing small and mid-size financial services companies. It has already announced plans to buy Sweden’s Steven AB, which operates as Xoala.

Additional deals are expected as FDCTech builds its fintech and brokerage presence in Europe and Asia. FDCTech’s international strategy is supported by Alchemy Markets Ltd., a Malta-based investment firm regulated under MiFID II.

In 2023, FDCTech acquired the Alchemy Group, which includes Alchemy Markets DMCC in the UAE, Alchemy Prime Ltd. in the UK, and a 49.9 percent stake in Alchemy Markets Ltd. in Malta. FDCTech already controlled the remaining 50.1 percent of the Malta-based entity, formerly known as NSFX.

The transaction was structured as a reverse merger, with FDCTech issuing 1.7 million shares of its Series B Preferred stock to complete the acquisition.

Under the terms, FDCTech and Alchemy were assigned valuations of $35 million and $350 million, respectively. Due to the illiquidity of FDCTech shares in the OTC markets, the company did not rely on its market price to determine the deal’s value.

Elsewhere, Alchemy Markets introduced a new Copy Trading mobile application, expanding its offering to retail traders. The app allows beginners to replicate the strategies of top-performing investors while providing experienced traders with tools to monetize their expertise and build a following.

The company said the platform creates a two-sided ecosystem, offering transparency and real-time access to proven strategies. “This launch reflects our ongoing commitment to accessible and strategy-driven trading,” said Bobby Winters, Group COO at Alchemy Markets.