8-K: FDCTech Taps E.F. Hutton to Spearhead Capital Raise and Senior Exchange Uplisting Initiative

FDCTech, a fintech firm specializing in acquiring and scaling financial services companies, has engaged E.F. Hutton & Co. LLC as its financial advisor to lead a capital raise and facilitate an uplisting to a senior national securities exchange.

Summary

• FDCTech, Inc. (PINK: FDCT) announced on May 28, 2025, that it has engaged E.F. Hutton & Co. LLC as its financial advisor, with the engagement effective as of May 23, 2025.
• E.F. Hutton will provide general financial advisory services, including identifying and evaluating financing opportunities and potential strategic transactions.
• A primary objective of this engagement is for E.F. Hutton to lead a capital raise and advise FDCTech on its plan to uplist to a senior national securities exchange, such as the Nasdaq Capital Market or the New York Stock Exchange.
• FDCTech has been rapidly growing its revenue and balance sheet since December 2021, reflecting the success of its expansion and integration strategy.
• This engagement follows FDCTech's previous engagement of Lucosky Brookman LLP in February 2025 to assist with exploring the uplisting process.
• E.F. Hutton has a track record of advising on over $750 million in private credit transactions across various sectors, bringing global expertise in complex financial transactions and strategic capital solutions.

Sentiment

Score: 8

Explanation: The announcement is highly positive, indicating strategic progress towards uplisting and securing capital, which are crucial steps for growth and shareholder value. The engagement of a reputable financial advisor like E.F. Hutton is a strong positive signal.

Positives

• Engagement of E.F. Hutton, a reputable financial advisor with a strong track record in private credit transactions, enhances FDCTech's credibility and access to capital markets.
• The move is a crucial step in FDCTech's strategy to uplist to a senior exchange (Nasdaq or NYSE), which could improve liquidity, investor visibility, and access to broader capital.
• The company reports rapid growth in revenue and balance sheet since December 2021, indicating successful execution of its expansion and integration strategy.
• Leveraging E.F. Hutton's extensive global network and industry relationships is expected to accelerate FDCTech's growth trajectory in 2025 and beyond.
• The engagement aims to support FDCTech's multi-jurisdictional growth strategy and maximize long-term shareholder value.

Risks

• Forward-looking statements are subject to risks and uncertainties, including general economic conditions, future market conditions, unusual catastrophic loss events, and changes in capital markets, which may cause actual results to differ materially.
• The Company does not guarantee the accuracy, completeness, or updated status of forward-looking statements or third-party information.

Future Outlook

FDCTech aims to accelerate its growth trajectory in 2025 and beyond by leveraging E.F. Hutton's expertise, with the ultimate goal of becoming a leader in diversified financial services driven by its proprietary technology infrastructure. The company intends to capitalize on E.F. Hutton's advisory and capital markets expertise to support its multi-jurisdictional growth strategy and maximize long-term shareholder value, including through an uplisting to a senior national securities exchange.

Management Comments

• Imran Firoz, Chief Financial Officer of FDCTech, signed the Form 8-K on behalf of the registrant.

Industry Context

This announcement reflects a common strategy for smaller public companies, particularly those on OTC markets, to seek uplisting to major exchanges like Nasdaq or NYSE. This move is often pursued to gain greater investor visibility, improve stock liquidity, and access a broader pool of institutional capital. The engagement of a specialized financial advisor like E.F. Hutton, known for private credit and strategic capital solutions, aligns with the broader trend of fintech companies seeking robust financial backing to scale operations and expand market reach in a competitive financial services landscape.

Comparison to Industry Standards

• The engagement of a specialized financial advisor for capital raising and exchange uplisting is a standard practice for companies seeking to transition from OTC markets to senior exchanges like Nasdaq or NYSE. Companies such as Riot Platforms (formerly Riot Blockchain) and Marathon Digital Holdings, both in the technology/blockchain space, have successfully navigated similar uplisting processes to gain broader market access and investor confidence.
• E.F. Hutton's track record of advising on over $750 million in private credit deals demonstrates a significant capability in securing financing, which is comparable to the services offered by middle-market investment banks that specialize in growth-stage companies.
• FDCTech's stated strategy of acquiring and integrating small to mid-size legacy financial services companies is a common consolidation play in fragmented industries, similar to strategies employed by firms like Envestnet in wealth management technology or various payment processors consolidating smaller players.

Stakeholder Impact

• **Shareholders**: Potential for increased shareholder value through improved liquidity, greater investor visibility, and access to broader capital markets if the uplisting is successful. The capital raise could dilute existing shares but also fund growth.
• **Employees**: Continued growth and expansion could lead to more opportunities and stability.
• **Customers**: Enhanced financial stability and growth could lead to improved services and expanded offerings.
• **Creditors**: A successful capital raise and uplisting could strengthen the company's financial position, potentially reducing credit risk.

Next Steps

• E.F. Hutton will assist FDCTech in identifying and evaluating financing opportunities and potential strategic transactions.
• E.F. Hutton will lead a capital raise for FDCTech.
• E.F. Hutton will advise FDCTech on its plan to uplist to a senior national securities exchange (Nasdaq Capital Market or NYSE).
• FDCTech will continue to pursue its multi-jurisdictional growth strategy.

Key Dates

Recommendation

Keywords

Fintech, Financial Advisory, Capital Raise, Uplisting, SEC Filing, Nasdaq, NYSE, Broker-Dealer, Financial Services, Corporate Finance, Strategic Transactions, Private Credit, Technology Infrastructure, Acquisition Strategy