SMC Entertainment Files 8-K with Disclosures
Ticker: FYNN · Form: 8-K · Filed: Jun 17, 2024 · CIK: 1497230
| Field | Detail |
|---|---|
| Company | Smc Entertainment, Inc. (FYNN) |
| Form Type | 8-K |
| Filed Date | Jun 17, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $442,875, $360,875, $82,000, $0.00135 |
| Sentiment | neutral |
Sentiment: neutral
Topics: disclosure, exhibits, filing
TL;DR
SMC Entertainment filed an 8-K on 6/17/24 for disclosures. Details TBD.
AI Summary
SMC Entertainment, Inc. filed an 8-K on June 17, 2024, reporting a Regulation FD Disclosure and Financial Statements and Exhibits. The company, incorporated in Nevada with its principal executive offices in Boca Raton, Florida, previously operated under the name SMC Recordings Inc. The filing does not contain specific financial figures or details about the nature of the disclosures.
Why It Matters
This filing indicates that SMC Entertainment, Inc. is providing important updates or disclosures to the SEC, which could affect investors' understanding of the company's current status.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for disclosures and exhibits, with no immediate indication of significant negative events.
Key Players & Entities
- SMC Entertainment, Inc. (company) — Registrant
- SMC Recordings Inc. (company) — Former company name
- June 17, 2024 (date) — Date of Report
- Nevada (jurisdiction) — State of incorporation
- Boca Raton, Florida (location) — Principal executive offices
FAQ
What specific information is being disclosed under Regulation FD?
The filing does not specify the exact nature of the Regulation FD disclosure, only that it is being reported.
What financial statements and exhibits are included with this 8-K filing?
The filing indicates that financial statements and exhibits are included, but their specific content is not detailed in the provided text.
When was SMC Entertainment, Inc. incorporated in Nevada?
The filing states the company is incorporated in Nevada but does not provide the incorporation date.
What is the business address of SMC Entertainment, Inc.?
The principal executive offices are located at 9170 Glades Road, Suite 150, Boca Raton, Florida, 33434.
Has SMC Entertainment, Inc. changed its name recently?
The company's former name was SMC Recordings Inc., with a date of name change listed as July 22, 2010.
Filing Stats: 755 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2024-06-17 07:46:09
Key Financial Figures
- $442,875 — ing that the Company retired a total of $442,875 of debt, consisting of $360,875 held by
- $360,875 — otal of $442,875 of debt, consisting of $360,875 held by two previous consultants, and $
- $82,000 — 5 held by two previous consultants, and $82,000 in accrued consulting fees owed to our
- $0.00135 — 0,740 of the Company's common shares at $0.00135 per share-. The total number of common
Filing Documents
- smc_8k.htm (8-K) — 26KB
- smc_ex991.htm (EX-99.1) — 7KB
- 0001654954-24-007811.txt ( ) — 154KB
- smc-20240617.xsd (EX-101.SCH) — 6KB
- smc-20240617_lab.xml (EX-101.LAB) — 14KB
- smc-20240617_cal.xml (EX-101.CAL) — 1KB
- smc-20240617_pre.xml (EX-101.PRE) — 9KB
- smc-20240617_def.xml (EX-101.DEF) — 2KB
- smc_8k_htm.xml (XML) — 4KB
01 - REGULATION FD DISCLOSURE
ITEM 7.01 - REGULATION FD DISCLOSURE. On June 17, 2024, SMC Entertainment, Inc. ("SMC" or the "Company") issued a press release announcing that the Company retired a total of $442,875 of debt, consisting of $360,875 held by two previous consultants, and $82,000 in accrued consulting fees owed to our CEO, Erik Blum, which he converted to 60,740,740 of the Company's common shares at $0.00135 per share-. The total number of common shares now held by our CEO has increased to 284,970,470, which the Company believes demonstrates management's commitment to the Company. The Debt retirement will be reflected in the Company's second quarter 2024 financial statements. In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in Exhibit 99.1 hereto are deemed to be "furnished" and shall not be deemed to be "filed" for purposes of the Exchange Act. The information set forth in Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD. Safe Harbor This release may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of our company, are generally identified by use of words "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "seek," "strive," "try," or future or conditional verbs such as "could," "may," "should," "will," "would," or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results. Some
01 Exhibits
Item 9.01 Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated June 17, 2024 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SMC Entertainment, Inc. By: /s/ Erik Blum Erik Blum, Chief Executive Officer Date: June 17, 2024 4