---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-011816"
form_type: "8-K"
ticker: "FYNN"
cik: "0001497230"
company_name: "Fyntechnical Innovations Inc"
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:13:28.741687+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SMC Entertainment signs LOI to acquire Bateau Asset Management for US$14M stock

## Summary
- SMC to acquire 100% of Bateau in all-stock deal valued at US$14 million in Series C Preferred stock.
- Bateau manages ~$20M AUD AUM, serving 150+ high-net-worth clients from Australia and Singapore.
- Expected close in September 2024; provides entry into Australian and SE Asian Fintech market.
- SMC CEO calls deal accretive, aims to grow AUM to ~$100M within two years using AI platform.

## SEC filing metadata
- accession: 0001654954-24-011816
- form_type: 8-K
- ticker: FYNN
- cik: 0001497230
- company_name: Fyntechnical Innovations Inc
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497230/000165495424011816/0001654954-24-011816-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497230/000165495424011816/smc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-011816
- JSON: https://secwatch.observer/filing/0001654954-24-011816.json
- Plain text: https://secwatch.observer/filing/0001654954-24-011816.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.