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FDCTech to Acquire Larstal UK and Denmark Units for $2.35 Million

BullishMedium impact
FDCT$3.99 17.01%

FDCTech, Inc. (OTC:FDCT) signed two share purchase agreements on October 6, 2026, to acquire 100% of Larstal UK and Larstal Denmark. The deals carry a combined base purchase price of $2.35 million, split evenly at $1.175 million for each firm. Both targets operate as authorized electronic money institutions. Following the announcement, FDCTech shares surged 17.01% to $3.99.

The transactions are designed to expand FDCTech's regulated electronic money capabilities across the UK and Denmark. Beyond the base purchase price, FDCTech will supply the required regulatory capital for both entities and settle cash and debt adjustments at closing. AstroPay Global Holdings serves as guarantor for the sellers in both deals.

Closing remains subject to regulatory approval from the UK Financial Conduct Authority and the Danish Financial Supervisory Authority. Investors should be aware that payments made before completion are non-refundable if regulators deny approval, unless seller fraud occurs.

Key points

  • FDCTech signed agreements on October 6, 2026, to buy 100% of Larstal UK and Larstal Denmark for $2.35 million total.
  • Both target firms are licensed electronic money institutions operating in the UK and Denmark.
  • FDCTech will also fund required regulatory capital for each business and adjust for cash and debt at closing.
  • The transactions require regulatory approval from the UK Financial Conduct Authority and the Danish Financial Supervisory Authority.
  • Pre-closing payments are non-refundable if regulatory approval is denied, barring seller fraud.

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Questions and answers

How much is FDCTech paying for Larstal UK and Denmark?

FDCTech agreed to a base purchase price of $2.35 million, split equally at $1.175 million for each entity. FDCTech will also provide regulatory capital and settle cash and debt adjustments at closing.

Which regulatory approvals does FDCTech need to complete the deal?

The acquisitions require approval from the UK Financial Conduct Authority for Larstal UK and the Danish Financial Supervisory Authority for Larstal Denmark.

Are FDCTech's deposit payments refundable if regulators reject the deal?

No, payments made before completion remain non-refundable even if regulatory approvals are denied, except in cases where seller fraud is proven.