Smc Entertainmnt Stock Price, News & Analysis

SMC Entertainment (OTC PINK: SMCE) announced the acquisition of ChainTrade 's AI-powered trading platform. This acquisition aligns with SMC's strategy to enhance its fintech portfolio. The deal, pending due diligence within 30 days, will allow SMC to integrate ChainTrade's platform, which facilitates trading in equities, ETFs, commodities, and indices with a personalized AI assistant. The platform aims to improve investment research, risk management, and asset allocation. ChainTrade, a UK-registered fintech, has developed this platform over three years, focusing on AI's predictive capabilities. The launch of the AI research tool will enable investors to analyze live price data, performance, sentiment, and risk factors, optimizing portfolio performance. SMC plans to deploy a fully functioning AI-enhanced SaaS model by the end of the quarter, expecting positive revenue growth from this acquisition.

SMC Entertainment, Inc. (SMC) has signed an LOI to acquire Chaintrade , an AI Fintech company. Chaintrade has developed an AI Powered Asset Trading Platform that revolutionizes trading and investing by leveraging AI's predictive capabilities. The acquisition will advance SMC's infrastructure and technology, allowing them to shift from conception to full implementation of their SaaS vision. After closing, SMC plans to re-brand their AI component as FYNN AI, a next-generation learning and research AI designed to help users trade smarter.

SMC Entertainment, Inc. (OTC PINK:SMCE) has completed its audited financial statements for the fiscal years 2021 and 2022, marking a significant step in its preparation for uplisting to a senior exchange. The company is working with a securities attorney to file necessary documentation for reporting issuer status defined by the SEC. SMC has also executed a stock purchase agreement to acquire 100% of Fyniti Global Equities EBT Inc. for $25 million, which focuses on AI-driven financial technologies. The global ETFs market is valued at $8 trillion, and the wealth management platform market at $1.2 trillion, indicating substantial growth potential. CEO Erik Blum emphasized the importance of these developments and plans to change the company’s name and ticker symbol. The acquisition is expected to close soon.

SMC Entertainment, Inc. (OTC PINK:SMCE) has signed a $25 million stock purchase agreement to acquire 100% of Fyniti Global Equities EBT Inc., a fintech company known for its AI-powered investment technology. This acquisition will be finalized in the upcoming weeks and Fyniti will become a wholly-owned subsidiary of SMC. The deal includes issuing 2,500,000 shares of Series B Preferred Stock to Fyniti's shareholders. SMC will also invest $2 million to enhance Fyniti's operations, with an immediate $250,000 upon closing. The acquisition aligns with SMC's strategy to penetrate the $8 trillion ETF market and leverage Fyniti's proprietary AI tools, potentially transforming wealth management and capital markets.

SMC Entertainment, Inc. (OTC PINK:SMCE) has signed a Letter of Intent to acquire a minority stake in a FINRA-regulated broker dealer based in Texas, pending regulatory approval. This strategic acquisition aims to enhance SMC’s portfolio in the financial services sector, complementing its recent acquisition of Fyniti Global Equities EBT Inc., an AI-driven wealth management technology platform. CEO Erik Blum emphasized the importance of this acquisition for executing Fyniti’s platform and expanding product offerings. Both transactions reflect SMC's growth strategy centered on becoming a premium Fintech provider.