SMC Announces Retirement of $442,875 of Debt [Yahoo! Finance]
SMC ENTERTAINMENT INC (SMCE)
Company Research
Source: Yahoo! Finance
focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies, is pleased to announce the retirement of $442,875 of debt in the form of consulting fees and management conversion of accrued earnings (the "Debt"). The Debt retirement will be reflected in the Company's second quarter 2024 financial statements. The Debt is comprised of $360,875 held by two previous consultants; $126,000 and $234,875 respectively. The balance of $82,000, accrued consulting fees held by current insiders, was converted to the Company's common shares at a strike price of $0.00135. The total number of common shares issued to insiders is 60,740,740. All share issuances are in accordance with the Securities and Exchange Commission ("SEC") Rule 144 and are restricted and will vest in two years. "The debt retirement and conversion of accrued consulting fees of $82,000 into restricted equity is a tremendous opportunity to enhance SMC's balance sheet and increa
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SMCE
News
- SMC Announces Appointment of New PCAOB-Registered Independent Accountant [Yahoo! Finance]Yahoo! Finance
- SMC Announces Appointment of New PCAOB-Registered Independent AccountantAccesswire
- SMC Completes Asset Purchase of UK-registered ChainTrade Ltd.'s AI-powered Trading Platform [Yahoo! Finance]Yahoo! Finance
- SMC Completes Asset Purchase of UK-registered ChainTrade Ltd.’s AI-powered Trading PlatformAccesswire
- SMC Files Corporate Action with FINRA to Change its Corporate Name and Trading Symbol [Yahoo! Finance]Yahoo! Finance
SMCE
Sec Filings
- 6/28/24 - Form 8-K
- 6/24/24 - Form 8-K
- 6/20/24 - Form PRE
- SMCE's page on the SEC website