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SMC Announces SEC Review of Form 10 is Complete
Date:
Official Statement | October 6, 2024
BOCA RATON, FL / ACCESSWIRE / June 10, 2024 / SMC Entertainment, Inc. (referred to as “SMC” or the “Company”) (OTC:SMCE), a dynamic technology incubator dedicated to acquiring and supporting established fintech companies, is excited to share that the Securities and Exchange Commission (“SEC”) has finished reviewing its Form 10. SMC first submitted this document in June 2023.
The conclusion of this review represents a significant achievement and confirms SMC's status as a fully compliant public corporation. This timing coincides with SMC's recent declaration to acquire all assets of ChainTrade Ltd. Following this, SMC's upcoming key objective is to apply for a change in the company's name and stock symbol with FINRA.
"Over the last year, SMC's leadership collaborated intensively with their legal and accounting departments to promptly resolve the SEC's feedback," stated Erik Blum, the CEO of SMC. "The dedicated effort was fruitful, and we are grateful to all team members as well as the SEC staff for their crucial support in helping us reach this milestone."
About SMC: www.smceinc.com
SMC is a diverse holding entity dedicated to acquiring and supporting established companies in the financial services and technology (Fintech) sectors. SMC's strategy for growth involves acquiring multiple disciplines to boost both revenue and shareholder value.
Overview of Chaintrade: https://chaintrade.ai
Chaintrade LTD is a company registered in the United Kingdom. It is connected to Red Matter Capital LTD, a financial services firm. Red Matter Capital's subsidiary holds a securities trading license issued by the Montenegro Capital Market Authority (CMA), in accordance with Montenegro's capital markets regulations.
Media Inquiries Contact
Erik Blum, Chief Executive Officer of SMC Entertainment, Inc. 360-820-5973
Cautionary Note
Certain assertions in this announcement might be forward-looking or based on future projections using the information we presently have. These kinds of statements inherently involve risks and uncertainties. Factors like shifts in the overall economy, future market conditions, unexpected catastrophic events, alterations in financial markets, and other situations could lead to significantly different actual outcomes than those predicted. The Company does not guarantee or assure, either explicitly or implicitly, the correctness, completeness, or current relevance of these statements.
ORIGIN: SMC Entertainment, Inc.
Check out the initial press release on accesswire.com.
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Source: https://www.otcmarkets.com/stock/SMCE/news/SMC-Announces-Completion-of-Review-of-Form-10-by-the-Securities-and-Exchange-Commission?id=443348
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