FDCTech, Inc. (OTCPK : FDCT) signed non-binding letter of intent to acquire a 80% stake in CIM Securities, LLC from Choice Investment Management LLC for $0.2 million on July 19, 2022. The total purchase price includes a non-refundable fee of $20,000 and a cash payment of $180,000 will be payable after the approval of Form 1017. The acquisition would be subject to regulatory approvals, with the closing contemplated in the fourth quarter of 2022.
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- FDCTech, Inc. (OTCPK : FDCT) signed non-binding letter of intent to acquire a 80% stake in CIM Securities, LLC from Choice Investment Management LLC for $0.2 million.