HomeAustraliaSMC Entertainment Executes Agreement to Acquire Bateau Asset Management

SMC Entertainment Executes Agreement to Acquire Bateau Asset Management

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SMC Entertainment (OTC PINK: SMCE), a Boca Raton, FL-based fintech incubator company focused on acquisition and support of commercialized financial services and technology companies, acquired Bateau Asset Management, an Australia-based boutique investment manager.

Under the terms of the executed acquisition agreement, SMC will acquire 100% of Bateau in exchange for the issuance of 14,000,000 shares of Series C Preferred Stock and $2M in convertible promissory notes.

The acquisition will provide SMC with an initial presence in the Southeast Asia Fintech market.

Bateau provides services including investment research and education with the objective of providing clients with rigorously constructed absolute return portfolios that they can understand. The company has offices in Singapore.

FinSMEs

12/11/2024

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