SMC Entertainment to acquire boutique investment manager, Bateau Asset Management [Seeking Alpha]
SMC ENTERTAINMENT INC (SMCE)
Company Research
Source: Seeking Alpha
Currently, Bateau manages A$20M in assets under management. The acquisition will provide SMC with an initial presence in the Southeast Asia Fintech market. Under the terms of the Agreement, SMC will acquire 100% of Bateau in an all-stock transaction. SMC will issue shares of its Series C Preferred stock to Bateau's shareholders, valued at $14M. "We believe we can use our foundational AI to help the advisory team grow the AUM from its current levels to over $100 AUM within the next 2 years. We look forward to executing on the plan and delivering long-term value for our shareholders," stated Erik Blum, CEO of SMC Entertainment. Recommended For You More Trending News Recommended For You More Trending News About SMCE Stock Related Stocks Trending Analysis Trending News
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SMCE
News
- SMC Entertainment Executes Acquisition Agreement to Acquire Boutique Investment Manager, Bateau Asset Management, Providing Entry to Australian and Southeast Asian Financial Services MarketsAccesswire
- Globe Small Cap Research Releases Company Report: SMC’s ChainTrade Platform Poised to Revolutionize Capital Markets’ Data IntelligenceGlobeNewswire
- Exclusive One-on-One Video Interview with CEO Erik Blum, SMC Entertainment Inc.GlobeNewswire
- SMC Entertainment Enters Letter of Intent to Acquire Boutique Investment Manager, Bateau Asset Management, Providing Entry to Australian and Southeast Asian Financial Services MarketGlobeNewswire
SMCE
Sec Filings
- 11/18/24 - Form 10-Q
- 11/15/24 - Form NT
- 11/8/24 - Form 8-K
- SMCE's page on the SEC website