SMC Signs a Joint Venture Agreement with Circle Energy Sweden AB to Form a New Sweden-based Entity with Initial Capital of Approximately US$530,000
SMC Entertainment (OTC:SMCE) has announced a strategic joint venture with Circle Energy Sweden AB, forming a new entity called Carbon Capital Solutions AB in Stockholm, Sweden. The JV will have an initial capital of 5,000,000 SEK (approximately US$530,000).
Circle Energy will own 51% of the venture, contributing 500 million unrestricted shares at 0.01 SEK, while SMC will own 49% and contribute its proprietary FYNN AI Platform. The JV aims to develop a blockchain-based platform for carbon credit trading, with a Beta launch expected in Q3 2025. Both companies will have equal board representation, and all intellectual property developed will be owned by the JV.
SMC Entertainment (OTC:SMCE) ha annunciato una joint venture strategica con Circle Energy Sweden AB, dando vita a una nuova società chiamata Carbon Capital Solutions AB a Stoccolma, Svezia. La JV avrà un capitale iniziale di 5.000.000 SEK (circa 530.000 USD).
Circle Energy deterrà il 51% della joint venture, contribuendo con 500 milioni di azioni senza restrizioni a 0,01 SEK ciascuna, mentre SMC possiederà il 49% e apporterà la sua piattaforma proprietaria FYNN AI. L’obiettivo della JV è sviluppare una piattaforma basata su blockchain per il trading di crediti di carbonio, con un lancio Beta previsto per il terzo trimestre del 2025. Entrambe le società avranno pari rappresentanza nel consiglio di amministrazione e tutta la proprietà intellettuale sviluppata sarà di proprietà della JV.
SMC Entertainment (OTC:SMCE) ha anunciado una empresa conjunta estratégica con Circle Energy Sweden AB, formando una nueva entidad llamada Carbon Capital Solutions AB en Estocolmo, Suecia. La empresa conjunta tendrá un capital inicial de 5.000.000 SEK (aproximadamente 530.000 USD).
Circle Energy poseerá el 51% de la empresa, aportando 500 millones de acciones sin restricciones a 0,01 SEK, mientras que SMC tendrá el 49% y contribuirá con su plataforma propietaria FYNN AI. La empresa conjunta tiene como objetivo desarrollar una plataforma basada en blockchain para el comercio de créditos de carbono, con un lanzamiento Beta previsto para el tercer trimestre de 2025. Ambas compañías tendrán representación igualitaria en la junta directiva y toda la propiedad intelectual desarrollada pertenecerá a la empresa conjunta.
SMC Entertainment (OTC:SMCE)는 Circle Energy Sweden AB와 전략적 합작 투자를 발표하며 스웨덴 스톡홀름에 Carbon Capital Solutions AB라는 새로운 법인을 설립했습니다. 합작 투자의 초기 자본금은 5,000,000 SEK (약 53만 달러)입니다.
Circle Energy는 0.01 SEK에 5억 개의 무제한 주식을 출자하여 합작 투자 지분의 51%를 소유하며, SMC는 49%를 소유하고 자체 개발한 FYNN AI 플랫폼을 출자합니다. 합작 투자는 탄소 배출권 거래를 위한 블록체인 기반 플랫폼 개발을 목표로 하며, 2025년 3분기 베타 출시가 예정되어 있습니다. 양사는 이사회에서 동등한 대표권을 가지며, 개발된 모든 지적 재산권은 합작 투자 회사가 소유합니다.
SMC Entertainment (OTC:SMCE) a annoncé une coentreprise stratégique avec Circle Energy Sweden AB, créant une nouvelle entité nommée Carbon Capital Solutions AB à Stockholm, en Suède. La coentreprise disposera d'un capital initial de 5 000 000 SEK (environ 530 000 USD).
Circle Energy détiendra 51% de la coentreprise, apportant 500 millions d'actions sans restriction à 0,01 SEK, tandis que SMC possédera 49% et contribuera avec sa plateforme propriétaire FYNN AI. La coentreprise vise à développer une plateforme basée sur la blockchain pour le commerce des crédits carbone, avec un lancement Beta prévu au 3e trimestre 2025. Les deux sociétés auront une représentation équitable au conseil d'administration et toute la propriété intellectuelle développée appartiendra à la coentreprise.
SMC Entertainment (OTC:SMCE) hat eine strategische Joint Venture mit Circle Energy Sweden AB angekündigt und eine neue Gesellschaft namens Carbon Capital Solutions AB in Stockholm, Schweden, gegründet. Das Joint Venture wird ein Anfangskapital von 5.000.000 SEK (ca. 530.000 US-Dollar) haben.
Circle Energy wird 51% des Joint Ventures besitzen und 500 Millionen unbeschränkte Aktien zu 0,01 SEK einbringen, während SMC 49% hält und seine proprietäre FYNN AI-Plattform beisteuert. Ziel des Joint Ventures ist die Entwicklung einer blockchainbasierten Plattform für den Handel mit CO2-Zertifikaten, mit einem Beta-Start im 3. Quartal 2025. Beide Unternehmen werden gleichberechtigt im Vorstand vertreten sein, und alle entwickelten geistigen Eigentumsrechte werden dem Joint Venture gehören.
- Strategic expansion into the European market through a joint venture with a Nasdaq First North-listed company
- Access to carbon credit trading market utilizing existing FYNN AI Platform technology
- Equal board representation despite minority ownership stake
- Initial capital contribution of US$530,000 from Circle Energy
- All new intellectual property will be owned by the joint venture
- SMC holds minority stake (49%) in the joint venture
- Operating Agreement details still pending completion in Q3 2025
- Success depends on unproven adaptation of FYNN AI Platform for carbon credit trading
BOCA RATON, FL / ACCESS Newswire / June 24, 2025 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK:SMCE), a Fintech incubator company focused on acquisition and support of commercialized financial services and technology (Fintech) companies, is pleased to announce the signing of a joint venture agreement ("JV Agreement") with Sweden-based Circle Energy Sweden AB ("Circle Energy"), a publicly-listed company on First North Nasdaq Sweden. Per the JV Agreement:
The new joint venture entity will be called Carbon Capital Solutions AB ("Carbon Capital Solutions" or the "JV") and formed under the laws of Sweden. The JV will be based in Stockholm, Sweden
Ownership. SMC will own
49% of Carbon Capital Solutions and Circle Energy will own51% Capital Contributions. Circle Energy will contribute 500,000,000 newly issued unrestricted shares at 0.01 SEK (Swedish Krona) from its treasury to the JV. The initial capital injection will be a total of 5,000,000 SEK which equates to approximately US
$530,000. SMC will contribute its proprietary FYNN AI platform ("FYNN AI Platform") to the JV as a contribution in kindBoard Representation. SMC and Circle Energy will have equal representation on the JV's board of directors and each party will appoint at least one director
Operating Agreement. SMC and Circle Energy will execute a separate operating agreement ("Operating Agreement") that will highlight each party's responsibilities. Both parties are aiming to complete the Operating Agreement in Q3 2025
Initial Deliverables: Circle Energy is looking to utilize a block chain eco system across all verticals of carbon credit trading to provide a fully transparent platform in carbon credits. SMC will utilize its FYNN AI Platform to develop and deploy an enhanced version of the platform to the JV. The new blockchain platform will canvass, identify, and initialize through AI the sellers and buyers in the carbon credit market. SMC anticipated delivering a Beta launch of the blockchain platform in Q3 2025.
Intellectual Property Ownership. All intellectual property ("IP") developed in the JV will be owned by the JV
"For SMC, the JV Agreement accelerates SMC's global expansion, delivering our innovative solutions more quickly to other market opportunities," said Erik Blum, CEO of SMC. "By engaging with our FYNN AI Platform, SMC sees the partnership with Circle Energy as a validation for SMC's FYNN AI Platform. From SMC's perspective, carbon credit trading is another commodity that can be traded utilizing SMC's agnostic platform."
About Circle Energy Sweden AB
Circle Energy Sweden AB is a Swedish company that works to harness the current power and future potential of renewable energy sources and energy storage. Circle Energy's mission is to establish long-term, sustainable and cost-effective energy solutions that pave the way for a stable energy system in Europe. Circle Energy is publicly-listed First North Nasdaq Sweden. For more information, visit https://www.circleenergy.se.
About SMC Entertainment, Inc.
About SMC Entertainment, Inc. SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information on SMC, visit www.smceinc.com or www.fyntechnical.com.
Press Release Contact:
Erik Blum
Chief Executive Officer
SMC Entertainment, Inc.
Ron Hughes
Chief Operations Officer
SMC Entertainment, Inc.
ron.hughes.operations@gmail.com
360-820-5973
Safe Harbor Statement
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.
SOURCE: SMC Entertainment, Inc.
View the original press release on ACCESS Newswire
FAQ
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