SMC ENTERTAINMENT INC - SMCE STOCK NEWS

SMC Entertainment (OTC PINK: SMCE) has completed the acquisition of Bateau Asset Management, an Australia-based boutique investment manager, marking its entry into the Southeast Asian financial services market. The transaction involves SMC acquiring 100% of Bateau in exchange for 14,000,000 shares of Series C Preferred Stock and $2,000,000 in convertible promissory notes.

Bateau, established in 2016, specializes in absolute-return investment strategies through a multi-manager approach. The company provides investment research and education services, focusing on creating comprehensible absolute return portfolios for its high-net-worth clientele. This acquisition brings to SMC an experienced global client services team based in Australia and Singapore, along with research and advisory capabilities that complement SMC's Fintech platform.

SMC Entertainment (OTC PINK:SMCE) has executed an Acquisition Agreement to acquire Bateau Asset Management, an Australia-based boutique investment manager, for 14,000,000 shares of Series C Preferred Stock and $2,000,000 in convertible promissory notes. The acquisition marks SMC's entry into the Southeast Asian Fintech market. Bateau, operating since 2016, offers absolute-return investment services through a multi-manager approach, including investment research and education focused on constructing understandable absolute return portfolios for high-net-worth clients. The company maintains client service teams in Australia and Singapore.

SMC Entertainment, Inc. (OTC: SMCE) has announced the release of a corporate report by Globe Small Cap Research, coinciding with the launch of their ChainTrade Platform. This platform utilizes AI applications specifically designed for capital markets. Key highlights from the report include:

1. SMC's focus on AI and machine learning to drive commercial adoption of products and services
2. The potential of ChainTrade Platform to revolutionize data intelligence in capital markets
3. An AI-based research platform using advanced algorithms to optimize trading strategies
4. A recent LOI to acquire an Australian-based global investment manager
5. Successful debt-reduction strategy and potential name change

The company offers a free trial of ChainTrade's affiliate program, positioning itself to drive innovation and stakeholder value in the fintech sector.

SMC Entertainment, Inc. (OTC PINK: SMCE), a Fintech incubator company, announced an exclusive interview with CEO Erik Blum on The Stock Investor Daily Channel. The interview highlights SMCE's Global AI platform and Blum's vision to democratize access to global markets using AI-powered, blockchain-based trading platforms.

SMC focuses on acquiring and supporting commercialized Fintech companies. Its subsidiary, Fyniti Global Equities EBT, Inc., develops disruptive technologies in Wealth Management and capital markets. Another key player is ChainTrade , a joint venture offering AI research tools for investors to analyze market data and make informed decisions.

SMC Entertainment (SMCE) has entered a Letter of Intent to acquire Bateau Asset Management, an Australia-based boutique global investment manager, in an all-stock transaction valued at US$14 million. This acquisition marks SMC's entry into the Southeast Asian financial services market.

Key points:

• Bateau manages $20 million AUD in assets for over 150 high-net-worth clients
• SMC aims to grow Bateau's AUM to over $100 million within 2 years using AI technology
• The deal is expected to close in September 2024
• SMC plans to deploy its Chaintrade.AI platform internationally using Bateau's infrastructure

This acquisition aligns with SMC's strategy as a Fintech incubator focused on acquiring and supporting commercialized financial services and technology companies.

SMCE (OTC: SMCE) has launched Chaintrade.ai, an AI-powered platform for capital markets data intelligence. The platform offers vertically focused AI applications for real-time analysis across various assets, including equities, commodities, ETFs, bonds, and indices. Key features include real-time data analysis, advanced AI algorithms, customizable dashboards, and multi-asset coverage.

Chaintrade was acquired by SMCE and commercially deployed within 60 days. The platform aims to revolutionize how investors, analysts, and financial institutions access and leverage market data, providing actionable intelligence and predictive insights. Chaintrade.ai emphasizes data security and regulatory compliance, with plans for continuous expansion and integration with emerging technologies like blockchain and DeFi.

SMC Entertainment, Inc. (OTC: SMCE) has announced the exchange of $516,004 of debt in convertible promissory notes for 55,000 Series D Preferred Shares. This transaction will be reflected in the company's Q3 2024 financial statements. The preferred shares can be converted to common stock after two years at a price of either $0.005 or 65% of the average closing price in the preceding 90 trading sessions, whichever is lower.

Since June 14, 2024, SMC has retired or exchanged a total of $1,395,763 of debt and cancelled 250,000,000 common shares since June 7, 2024. CEO Erik Blum stated that this exchange demonstrates investor commitment and provides an opportunity to enhance the company's balance sheet. He also mentioned that management is working to reduce long-term debt, minimize shareholder dilution, and increase shareholder value.

SMC Entertainment (OTC PINK: SMCE) announced corporate updates for June & July 2024. Key highlights include:

• Debt reduction of $879,759
• Increased management ownership through debt conversion
• Partnership with PCG Advisory for marketing AI-powered products
• Investment agreement with ProActive Capital Partners
• Acquisition of ChainTrade, an AI-powered trading platform
• Launch of FYNN-AI research tool
• Development of Chaintrade.Pro platform
• Progress on Fyniti's EBT platform
• Request for corporate name change to Fyntechnical Innovations Inc.
• SEC review completion of Form 10
• Share cancellation of 250,000,000 shares
• Engagement of new auditor RBSM, LLP

The company aims to create a global DeFi platform with AI-driven research and commission-free trading.

On July 11, 2024, SMC Entertainment (OTC: SMCE) announced the retirement of an additional $436,884 of debt, which will be reflected in the third quarter 2024 financial statements.

This debt includes $300,374 held by a non-affiliate debt holder and $136,500 in accrued consulting fees held by insiders. The debt was converted to 68,250,000 common shares at $0.002 per share, restricted under SEC Rule 144.

Management expressed that this move underscores their commitment to reducing long-term debt, minimizing shareholder dilution, and increasing shareholder value. SMC continues its acquisition and development strategy with subsidiaries like Chaintrade and Fyniti, focusing on AI-driven fintech solutions.