{"url_path":"/sec/fdct/10-k/2026/item-12","section_key":"item-12","section_title":"Item 12 **","topic":"sec","document":{"doc_type":"10-K/A","doc_date":"2026-06-08","source_url":"https://www.sec.gov/Archives/edgar/data/1722731/0001493152-26-027724-index.html","accession_number":"0001493152-26-027724","cik":"0001722731","ticker":"FDCT","issuer_name":"FDCTECH, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1722731/0001493152-26-027724-index.html","primary_entity_key":"0001722731","primary_entity_name":"FDCTECH, INC."},"word_count":1706,"has_tables":true,"body_markdown":"**ITEM\n12:**\n**SECURITY\nOWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS**\n\n \n\nThe\nfollowing table lists, as of December 31, 2025, the number of shares of common, Series A Preferred Stock, and Series B Preferred Stock\nof our Company that are beneficially owned by (i) each person or entity is known to our Company to be the beneficial owner of more than\n5% of the outstanding common stock; (ii) each officer and director of our Company; and (iii) all sole officer and director as a group.\nInformation relating to beneficial ownership of the common stock by our principal shareholders and management is based upon each person’s\ninformation using “beneficial ownership” concepts under the Securities and Exchange Commission rules. Under these rules,\na person is deemed to be a beneficial owner of a security if that person has or shares voting power, which includes the power to vote\nor direct the voting of the security, or investment power, which consists of the power to vote or direct the voting of the security.\nThe person is also deemed to be a beneficial owner of any security and has a right to acquire beneficial ownership within sixty (60)\ndays. Under the Securities and Exchange Commission rules, more than one person may be deemed a beneficial owner of the same securities,\nand a person may be deemed a beneficial owner of securities as to which they may not have any beneficial financial interest. Except as\nnoted below, each person has sole voting and investment power.\n\n \n\n**Common\nStock**\n\n \n\nThe percentages below are calculated\nbased on 423,084,729 shares of our common stock issued and outstanding for the fiscal year ended December 31, 2025.\n\n \n\n**Name and Address(1)**\n \n\n**Title of**\n\n**Class**\n\n \n \n\n**Number of**\n\n**Shares**\n\n**Beneficially**\n\n**Owned**\n\n \n \n\n**Percent of**\n\n**Class**\n\n \n\nMitch Eaglstein\n \n \nCommon\n \n \n \n20,818,105\n \n \n \n4.92\n%\n\nImran Firoz\n \n \nCommon\n \n \n \n24,310,000\n \n \n \n5.75\n%\n\nBrian Platt\n \n \nCommon\n \n \n \n1,000,000\n \n \n \n*\n%\n\nJonathan Baumgart\n \n \nCommon\n \n \n \n645,000\n \n \n \n*\n%\n\nGope S. Kundnani **(2)**\n \n \nCommon\n \n \n \n180,000,000\n \n \n \n42.54\n%\n\nRobert J. Winters **(3)**\n \n \nCommon \n \n \n \n30,500,000 \n \n \n \n7.10\n% \n\nFRH Group Corporation (4)\n \n \nCommon\n \n \n \n26,372,413\n \n \n \n6.23\n%\n\nOfficers and Directors as a group (4 persons)\n \n \nCommon\n \n \n \n226,773,105\n \n \n \n53.60\n%\n\n \n\n*\nLess than 1%\n\n \n\nIn\nthe fiscal year ended December 31, 2016, the Company collectively issued 30,000,000 and 5,310,000 common shares at par value to Mitchell\nEaglstein and Imran Firoz, respectively, as the founders, in consideration of services rendered to the Company. Further, the Company\nagreed to issue 2,600,000, 400,000, and 1,000,000 shares of Preferred Stock to Mitchell Eaglstein, Imran Firoz, and FRH Group, respectively,\nas the founders, in consideration of services rendered to the Company.\n\n \n\n(1)\nThe addresses for all officers and directors are 200 Spectrum Center Drive, Suite 300, Irvine, CA 92618.\n\n \n\n(2)\nGope S. Kundnani owns 180,000,000 shares of the Company’s common stock personally and through APSI Holdings Limited (formerly\nknown as Alchemy Prime Holdings Ltd.), located at 74 Back Church Lane, Unit 8, London, E11LX, UK.\n\n \n\n(3) Robert J. Winters owns\n30,500,000 in the Company’s common stock personally and resides in Kuala Lumpur, Malaysia.\n\n \n\n(4)\nOn February 22, 2021, the Company entered into an Assignment of Debt Agreement (the “Agreement”) with FRH and FRH Group\nCorporation. The Company eliminated all four FRH Group convertible notes, including interest, of $1,256,908 in return for issuing 12,569,080\nshares of unregistered common stock of the Company (the “Shares”) to FRH. Following the Agreement, FRH assigned the Shares\nto FRH Group Corporation located at 530 Technology Drive, Suite 100, Irvine, CA, also owned by Mr. Hong. Mr. Hong resides in Dubai, UAE.\n\n \n\n40 \n\n \n\n \n\n**Series\nA Preferred Stock**\n\n \n\nThe\npercentages below are calculated based on 4,500,000 shares of our Series A Preferred Stock issued and outstanding for the fiscal year\nended December 31, 2025.\n\n \n\n**Name\nand Address(1)** \n\n**Title\nof**\n\n**Class\n(4)**\n \n\n**Number\nof**\n\n**Shares**\n\n**Beneficially**\n\n**Owned**\n  \n\n**Percent\nof**\n\n**Class**\n \n\nMitchell M. Eaglstein \nSeries A Preferred \n 500,000  \n 11.11%\n\nGope S. Kundnani **(**5**)** \nSeries A Preferred \n 4,000,000  \n 88.89%\n\nOfficers and Directors as a group (2 persons) \nSeries A Preferred \n 4,500,000  \n 100.00%\n\n \n\n(4)\nSeries A Preferred stock is entitled to fifty (50) non-cumulative votes per share on all matters presented to stockholders for\naction. On December 12, 2016, the Board agreed to issue 2,600,000, 400,000, and 1,000,000 shares of Preferred Stock to Mitchell Eaglstein,\nImran Firoz, and Felix R. Hong, respectively, as the founders in consideration of services rendered to the Company. As of December 31,\n2022, the Company had 4,000,000 preferred shares issued and outstanding.\n\n \n\n(5)\nIn January 2023, Eaglstein and Firoz transferred 1,100,000 and 400,000 shares to Gope S. Kundnani, the Director of the Company.\nAs of September 30, 2023, the Company had 4,000,000 preferred shares issued and outstanding, with Eaglstein, Kundnani, and Hong holding\n1,500,000, 1,500,000, and 1,000,000 shares, respectively.\n\n \n\nOn\nNovember 30, 2023, the Company issued 2,500,000 Series A Preferred Stock to Kundnani, valued at $2,500,000. The Company will receive\n$2,500,000 in direct investment from AHL (previously known as Alchemy Prime Holdings Ltd.) Shareholder for Series A Preferred, valued\nat $1.00 per share.\n\n \n\nOn\nJanuary 30, 2024, the Company’s board of directors adopted and approved the rescission and cancellation of (i) 1,000,000 shares\nof Series A Preferred Stock of the Company issued to Mitchell M. Eaglstein and (ii) 1,000,000 shares of Series A Preferred Stock of the\nCompany issued to Felix R Hong.\n\n \n\nImmediately\nprior to the closing of this offering, all 4,500,000 outstanding shares of Series A Preferred Stock will be retired and cancelled pursuant\nto the voluntary surrender and cancellation by the holders thereof.\n\n \n\nUpon\nthe retirement of all outstanding shares of Series A Preferred Stock:\n\n \n\n●\nNo shares of Series A Preferred Stock will remain outstanding;\n\n \n\n●\nNo shareholder will hold super voting rights with respect to any class or series of our capital stock;\n\n \n\n●\nEach share of Common Stock will be entitled to one vote per share on all matters submitted to a vote of stockholders;\n\n \n\n●\nThe Company will file an Amended and Restated Certificate of Incorporation / a Certificate of Retirement with the Secretary of State\nof the State of Delaware to eliminate the Series A Preferred Stock from our authorized capital / reflect the retirement of the Series\nA Preferred Stock; and\n\n \n\n●\nThe voting power of each share of Common Stock as a percentage of total voting power will increase proportionally and no longer be diluted\nby the super-voting rights of the Series A Preferred Stock.\n\n \n\nThe\nholders of Series A Preferred Stock have agreed to surrender their shares for cancellation without receiving any cash consideration in\nconnection with the retirement. The retirement of Series A Preferred Stock will not result in the issuance of any additional shares of\nCommon Stock.\n\n \n\n41 \n\n \n\n \n\n**Series\nB Preferred Stock**\n\n \n\nThe\npercentages below are calculated based on 2,371,844 shares of our Series B Preferred Stock issued and outstanding for the fiscal year\nended December 31, 2025.\n\n \n\n**Name\nand Address(1)** \n\n**Title\nof**\n\n**Class\n(6)**\n \n\n**Number\nof**\n\n**Shares**\n\n**Beneficially**\n\n**Owned**\n  \n\n**Percent\nof**\n\n**Class**\n \n\nAPSI Holdings\nLimited (1) \nSeries B Preferred \n 1,800,000  \n 75.90%\n\nMitchell M. Eaglstein, CEO, Director \nSeries B Preferred \n 150,000  \n 6.32%\n\nImran Firoz, CFO, Director \nSeries B Preferred \n 150,000  \n 6.32%\n\nFRH Group Corporation (2) \nSeries B Preferred \n 50,000  \n 2.11%\n\nGope S. Kundnani (1),\nDirector \nSeries B Preferred \n 191,844  \n 8.09%\n\nWilliam B. Barnett (3) \nSeries B Preferred \n 10,000  \n 0.42%\n\nSusan E. Eaglstein (4) \nSeries B Preferred \n 10,000  \n 0.42%\n\nNicky G. Kundnani (5) \nSeries B Preferred \n 10,000  \n 0.42%\n\nOfficers and Directors as a group (3 persons) \nSeries B Preferred \n 2,291,844  \n 96.63%\n\n \n\n(6)\nThe Series B Preferred Stock is non-dilutive and is not subject to stock splits or any other adjustments to the Company’s\ncommon stock. Each share of Series B Preferred Stock can be converted into 100 shares of the Company’s common stock at any time\nby the holder of such shares. Series B Preferred Stock is entitled to one (1) vote per share on all matters presented to stockholders\nfor action. As a result, 2,371,844 Series B Preferred Stock represents a 0.38% voting percentage on a fully diluted vote per share basis.\n\n \n\nOn\nNovember 30, 2023, the Company issued 1,800,000 Series B Preferred Stock to Kundnani, valued at $2,538,000 for the purchase of 49.90%\nof AML and 100% of APL.\n\n \n\nOn\nJanuary 4, 2024, the Company issued 150,000 Series B preferred stock to Mitchell M. Eaglstein, CEO and Director, for services valued\nat $1.41 per share.\n\n \n\nOn\nJanuary 4, 2024, the Company issued 150,000 Series B preferred stock to Imran Firoz, CFO and Director, for services valued at $1.41 per\nshare.\n\n \n\nOn\nJanuary 4, 2024, the Company issued 50,000 Series B preferred stock to FRH Group for services valued at $1.41 per share.\n\n \n\nOn\nJanuary 4, 2024, the Company issued 10,000 Series B preferred stock to William B. Barnett, Esq, for services valued at $1.41 per share.\n\n \n\nOn\nJanuary 4, 2024, the Company issued 10,000 Series B preferred stock to Susan E. Eaglstein for services valued at $1.41 per share.\n\n \n\nOn\nJanuary 4, 2024, the Company issued 50,000 Series B preferred stock to Gope S. Kundnani for services valued at $1.41 per share.\n\n \n\nOn\nJanuary 30, 2024, the Company issued 141,844 Series B preferred stock to Gope S. Kundnani for cash valued at $1.41 per share.\n\n \n\nOn February 07, 2025, the Company issued 10,000 Series\nB preferred stock to Nicky G. Kundnani for services valued at $1.41 per share.\n\n \n\nUnless otherwise indicated below, the\naddress for each beneficial owner is c/o 200 Spectrum Center Drive, Suite 300, Irvine, CA 92618.\n\n \n\n(1)\nGope S. Kundnani controls APSI Holdings Limited. Gope S. Kundnani and APSI Holdings Limited’s address is at 74 Back Church Lane,\nUnit 8, London, E11LX, UK.\n\n \n\n(2)\nFRH Group is located at 530 Technology Drive, Suite 100, Irvine, CA.\n\n \n\n(3)\nWilliam B. Barnet resides at 60 Kavenish Dr, Rancho Mirage, CA, 92770.\n\n \n\n(4)\nSusan E. Eaglstein Resides at 2661 Riverport Dr North, Jacksonville, Florida, 32223.\n\n \n\n(5)\nNicky G. Kundnani resides at 9RINS Hendrikkade 132 E, Amsterdam, 1011, Netherlands.\n\n \n\n**Voting\nRights**\n\n \n\nFollowing\nthe retirement of all outstanding shares of Series A Preferred Stock immediately prior to the closing of this offering, holders of our\nCommon Stock will be entitled to one vote per share on all matters submitted to a vote of stockholders. We will not have any outstanding\nshares of capital stock with super voting rights following the closing of this offering.\n\n \n\n42"}