FDCTech agreed to buy two electronic money institutions for $2,350,000
FDCTECH, INC., a listed computer and IT services company, agreed on October 6, 2026 to acquire Larstal Limited, a U.K. electronic money institution, and Larstal Denmark ApS, a Danish electronic money institution, under two related share purchase agreements sec.gov. The buyer will pay an aggregate base price of $2,350,000, which makes the deal a read on how a listed services company buys a regulated payments business outright.
Deal facts. Buyer: FDCTECH, INC., a listed company in computer and IT services. What was bought: Larstal Limited. Signed: October 6, 2026. Consideration: Purchase Price and Payment Terms The economic terms of the two SPAs are substantially the same. Under each SPA, the base purchase price is $1,175,000 (the "Base Price"), for an aggregate Base Price of $2,350,000 under both SPAs. Financing: not stated in the filing. Lender or agent: not named in the filing. Conditions: The purchase price under each SPA is determined on a cash-free, debt-free basis and is subject to a post-completion adjustment based on completion accounts.
The filing states the consideration as a base price of $1,175,000 under each of the two share purchase agreements, for an aggregate base price of $2,350,000, and it names no lender or agent and states no financing. The price under each agreement is set on a cash-free, debt-free basis and is subject to a post-completion adjustment based on completion accounts, so the final amount can move with the balance sheet Larstal delivers at completion.
FDCTech said it is buying Larstal to add two regulated electronic money institutions to its business. Larstal UK is authorized by the U.K. Financial Conduct Authority as an electronic money institution, and Larstal Denmark is authorized by the Danish Financial Supervisory Authority as an electronic money institution, and the buyer is acquiring all 6,217,752 issued ordinary shares of Larstal UK and all 4,895,729 issued ordinary shares of Larstal Denmark.
For context. U.S. jobs in administrative, support and waste management services stood at 9,018.6 thousand in September 2026, according to the Bureau of Labor Statistics (Current Employment Statistics). That is down 15.3 thousand jobs from August 2026 and up 48.5 thousand jobs from September 2025.
An owner of a similar services company can take a clear read from the way this deal is paid for. The entire consideration is a cash base price of $2,350,000 across two agreements, with no lender named and no financing stated, and the price is adjusted on a cash-free, debt-free basis against completion accounts. That structure shows a buyer paying for a business whose value sits in its regulated licences and its payments software rather than in physical assets, and it shows FDCTech buying the electronic money institutions outright so it can hold the licences and the customer relationships that software is increasingly delivering.
What to watch next is the completion and the post-completion adjustment. The base price of $2,350,000 is subject to a post-completion adjustment based on completion accounts, so the balance sheet Larstal delivers at completion decides the final amount FDCTech pays.