SMC Entertainment to acquire Australian investment manager Bateau Asset Management

Fyntechnical Innovations Inc

Consideration: 14M Series C preferred shares plus $2M in convertible notes (5% interest, convertible at $1/share).
Bateau is a boutique investment manager founded 2016, based in Australia and Singapore, offering absolute-return strategies.
Closing subject to customary due diligence expected within 10 days of November 2, 2024.
Acquisition provides SMC entry into Australian and Southeast Asian financial services markets.
No financial details of Bateau (e.g., AUM, revenue) disclosed in the filing.

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