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SMC Entertainment (OTC PINK: SMCE) has completed the acquisition of Bateau Asset Managementan 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 Series C preferred shares and $2,000,000 in convertible notes.
Founded in 2016, Bateau specializes in absolute return investment strategies through a multi-manager approach. The company offers investment education and research services, focusing on creating understandable absolute return portfolios for its high net worth clientele. This acquisition brings 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 completed the acquisition of Bateau Asset Managementan Australia-based boutique investment manager, signaling its entry into the Southeast Asian financial services market. The transaction prevented SMC from acquiring 100% of the ship in exchange for 14,000,000 Series C privileged shares and $2,000,000 in convertibility.
Bateau, founded in 2016, specializes in investment strategies to yield assoluto through a multi-manager appproccio. The area provides resources for investments and educational services, focusing on the creation of portfolios at a performance that is understandable by its high net worth clientele. This acquisition brings to SMC a specialized global client services team based in Australia and Singapore, as well as rice and advisory capacity that completes SMC’s Fintech platform.
SMC Entertainment (OTC PINK: SMCE) has completed the acquisition of Bateau Asset Managementan 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 notes.
Founded in 2016, Bateau specializes in absolute return investment strategies through a multi-manager approach. The company offers investment research and education services, focusing on creating understandable absolute return portfolios for its high net worth clientele. This acquisition brings 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 엔터테인먼트 (OTC PINK: SMCE)가 호주에 본사를 둔 부티크 투자 관리회사인 Bateau Asset Management를 인수 완료하여 동남아시아 금융 서비스 시장에 진출하게 되었습니다. 이번 거래에서 SMC는 Bateau의 100%를 인수하기 위해 14,000,000주의 C 시리즈 우선주와 2,000,000달러 상당의 전환사채를 교환합니다.
2016 있습니다. 이 회사는 고액 자산 고객을 위해 이해하기 쉬운 절대 수익 포트폴리오를 만드는 데 중점을 두고 투자 연구 및 교육 서비스를 제공합니다. SMC SMC의 핀테크 플랫폼을 보완하는 연구 및 자문 기능을 가져옵니다.
SMC Entertainment (OTC PINK: SMCE) to complete the acquisition of Bateau Asset Managementa boutique investment manager based in Australia, marquant son entrée sur le marché des services financiers en Asie du Sud-Est. 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 warrant notes.
Founded in 2016, Bateau specializes in investment strategies for absolute return through a multi-manage approach. The company provides investment research and education services and focuses on building portfolios for absolute and understandable returns for its lucky clients. This acquisition provides SMC with an experienced client services team based in Australia and Singapore, in addition to research and advisory capabilities that complete SMC’s Fintech platform.
SMC Entertainment (OTC PINK: SMCE) hat die Übernahme von Bateau Asset Management abgeschlossen, einer auf Australien basierenden Boutique-Investmentgesellschaft, was den Eintritt in den südostasiatischen Finanzdienstleistungsmarkt markiert. Die Transaktion umfasst, dass SMC 100% von Bateau im Austausch gegen 14,000,000 Aktien der Serie C Vorzugsaktien y 2,000,000 USD en wandelbaren Schuldscheinen erwirbt.
Bateau, created in January 2016, specializes in strategies for absolute performance amid a multi-manager response. The Unternehmen bietet Forschungs- und Bildungsdienste für Investitionen und konzentriert sich darauf, verständliche absolut Renditeportfolios für seine wohlhabenden Kunden zu erstellen. This company brings to SMC a cutting-edge global services team based in Australia and Singapore, as well as investments and financial services, SMC’s Fintech platform.
Positive
- Acquisition Provides Immediate Entry into Southeast Asian Financial Markets
- Gains an established base of high net worth clients
- Acquires an experienced global client services team in Australia and Singapore
- Adds complementary research and advisory capabilities to existing Fintech platform
Negative
- Issuance of 14,000,000 Series C preferred shares may result in potential dilution for shareholders
- $2,000,000 in convertible notes increase debt obligations
Bateau Asset Management contributes to SMC Entertainment:
- Founding acquisition in the international financial services sector
- Well-established client base of high net worth individuals
- Experienced global client services team based in Australia and Singapore.
- Research and advisory capabilities complementary to SMC Entertainment’s Fintech platform
BOCA RATON, Fla., Jan. 08, 2025 (GLOBE NEWSWIRE) — SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC PINK: SMCE), a financial technology incubator company focused on the acquisition and support of marketed products. financial services and technology (Fintech) companies, is pleased to announce that it has closed the Acquisition Agreement to acquire a
Since 2016, Bateau has offered an absolute return investment philosophy delivered by a multi-manager investment approach. Services include investment research and education with the goal of providing clients with rigorously constructed absolute return portfolios they can understand.
As further detailed in the Company’s Current Report on Form 8-K filed with the SEC, under the terms of the Acquisition Agreement, SMC has acquired
About Bateau Asset Management:
Bateau Asset Management is a boutique investment manager founded in 2016 based in Australia with offices in Singapore. Bateau follows an absolute return investment philosophy and a multi-manager investment approach. For more information, go to www.bateauam.com.au.
About SMC Entertainment, Inc.:
SMC is a versatile holding company focused on the acquisition and backing of proven commercialized financial services and technology (Fintech) companies. SMC’s multidisciplinary growth through acquisitions approach aims to enhance revenue and equity capital. For more information about SMC, visit www.smceinc.com.
Contact for press releases:
Erik Blum
CEO
SMC Entertainment, Inc.
360-820-5973
Safe Harbor Statement
Some of the statements contained in this press release may be forward-looking statements or statements of future expectations based on information currently available. Naturally, these types of statements are subject to risks and uncertainties. Factors such as developments in general economic conditions, future market conditions, unusual catastrophic loss events, changes in capital markets and other circumstances may cause actual events or results to be materially different from those anticipated by such statements. The Company makes no representations or warranties, express or implied, as to the accuracy, completeness or currency of any such forward-looking statements or information provided by any third party. Therefore, in no event will the Company and its affiliated companies be liable to anyone for any decision or action taken in conjunction with the information and/or statements in this press release or any related damages.
Frequently asked questions
What is the cost of SMCE’s acquisition of Bateau Asset Management?
SMC Entertainment acquired Bateau Asset Management for 14,000,000 Series C preferred shares and $2,000,000 in convertible notes.
What markets does SMCE access through the acquisition of Bateau?
Through this acquisition, SMCE gains access to the Australian and Southeast Asian financial services markets.
What services does Bateau Asset Management offer to the SMCE portfolio?
Bateau offers investment management, investment research and absolute return education services, with a multi-manager approach to investing for high net worth clients.
When was Bateau Asset Management created prior to the SMCE acquisition?
Bateau Asset Management was established in 2016 and offers an absolute return investment philosophy through a multi-manager approach.
Where are Bateau’s customer support teams located following the SMCE acquisition?
Bateau’s global customer service teams are based in Australia and Singapore.
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