FDCTech Inc (FDCT)

[TJG]

Actually I dont think its regulatory its more of the time line is not actually up yet. FDCT issued the press release detailing the Acquisition of XOALA on September 11 In the release it states its a Non Binding LOI and should be completed with in 45 days...The Due Diligence that is required in that 45 day period is for FDCT to determine what a fair SPA, Share Purchase Agreement would be... mainly a price per share.... the LOI is set for a purchase price of $6,750,000.00... they due diligence is to determine if that is indeed a fair price. Per the agreement and the 45 days (calendar days) that 45 days is up October 26, which is this coming Sunday.. That puts us with a follow up PR on this deal sometime early next week. So perhaps we are seeing some smart buyers out there, both retail and insiders picking up on these shares while they are still dirt cheap... who know.. all just speculation on what is going on by most of us. But this fits into the possibilities as well as anything else does.

From the PR
https://www.otcmarkets.com/stock/FDCT/news/FDCTech-Inc-Signs-Letter-of-Intent-to-Acquire-Xoala-Steven-AB-a-Regulated-Electronic-Money-Institution-in-Sweden?id=488332

Under the LOI, Company proposes to acquire 100% of the shares of Steven AB from Steven FS Limited (UK) for a total purchase price of $6,750,000. The price consists of both the premium for the shares and the Own Funds Capital of Steven AB.

Payment Schedule: The consideration will be paid in five equal annual instalments of $1,350,000 each, starting June 13, 2026, through June 13, 2030.

Exclusivity Period: The Seller has agreed to a 45-day exclusivity period for the Company to conduct due diligence and negotiate a definitive Share Purchase Agreement (SPA).

Transitional Operations: Both parties will continue to operate the business in the normal course until closing.

The LOI is non-binding except for certain provisions relating to exclusivity, confidentiality, and governing law. A final binding SPA is expected within 45 days, subject to due diligence.