SMC Entertainment Files 8-K with Financials
Ticker: FYNN · Form: 8-K · Filed: Jul 30, 2024 · CIK: 1497230
| Field | Detail |
|---|---|
| Company | Smc Entertainment, Inc. (FYNN) |
| Form Type | 8-K |
| Filed Date | Jul 30, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $516,004, $313,323, $202,681, $0.005 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, disclosure, financials
TL;DR
SMC Entertainment dropped an 8-K on 7/30 with financials and disclosures.
AI Summary
SMC Entertainment, Inc. filed an 8-K on July 30, 2024, reporting a Regulation FD Disclosure and Financial Statements and Exhibits as of July 24, 2024. The filing includes information about the company's incorporation in Nevada and its principal executive offices located at 9170 Glades Road, Suite 150, Boca Raton, Florida.
Why It Matters
This 8-K filing provides updated information and disclosures for SMC Entertainment, Inc., which is important for investors to assess the company's current status and financial health.
Risk Assessment
Risk Level: low — This filing is a routine disclosure and does not appear to contain significant new risks or negative information.
Key Players & Entities
- SMC Entertainment, Inc. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- 9170 Glades Road, Suite 150, Boca Raton, Florida, 33434 (address) — Principal executive offices
- July 24, 2024 (date) — Date of earliest event reported
- July 30, 2024 (date) — Date of report
FAQ
What is the primary purpose of this 8-K filing for SMC Entertainment, Inc.?
The primary purpose is to provide a Regulation FD Disclosure and to file Financial Statements and Exhibits as of July 24, 2024.
When was the report filed with the SEC?
The report was filed as of July 30, 2024.
In which state is SMC Entertainment, Inc. incorporated?
SMC Entertainment, Inc. is incorporated in Nevada.
What is the address of SMC Entertainment, Inc.'s principal executive offices?
The principal executive offices are located at 9170 Glades Road, Suite 150, Boca Raton, Florida, 33434.
What was the former name of SMC Entertainment, Inc. and when did the name change occur?
The former name was SMC Recordings Inc., and the date of the name change was July 22, 2010.
Filing Stats: 815 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-07-30 08:00:40
Key Financial Figures
- $516,004 — that the Company retired an additional $516,004 of debt in the form of convertible prom
- $313,323 — held in two previous convertible notes; $313,323 and $202,681 respectively. The Company
- $202,681 — revious convertible notes; $313,323 and $202,681 respectively. The Company shall issue 5
- $0.005 — Company's common stock at the lesser of $0.005 or 65% of the average closing price in
Filing Documents
- smc_8k.htm (8-K) — 26KB
- smc_ex991.htm (EX-99.1) — 7KB
- smc_ex991img1.jpg (GRAPHIC) — 1KB
- smc_ex991img2.jpg (GRAPHIC) — 1KB
- smc_ex991img3.jpg (GRAPHIC) — 3KB
- 0001654954-24-009590.txt ( ) — 161KB
- smc-20240724.xsd (EX-101.SCH) — 6KB
- smc-20240724_lab.xml (EX-101.LAB) — 14KB
- smc-20240724_cal.xml (EX-101.CAL) — 1KB
- smc-20240724_pre.xml (EX-101.PRE) — 9KB
- smc-20240724_def.xml (EX-101.DEF) — 2KB
- smc_8k_htm.xml (XML) — 4KB
01 - REGULATION FD DISCLOSURE
ITEM 7.01 - REGULATION FD DISCLOSURE. On July 24, 2024, SMC Entertainment, Inc. ("SMC" or the "Company") issued a press release announcing that the Company retired an additional $516,004 of debt in the form of convertible promissory notes (the "Debt") for newly created Series D Preferred Shares. The Debt retirement will be reflected in the Company's third quarter 2024 financial statements. The Debt is comprised of $516,004 held in two previous convertible notes; $313,323 and $202,681 respectively. The Company shall issue 55,000 Series D Preferred Shares in exchange for the Debt. The Series D Preferred Shares shall convert into the Company's common stock at the lesser of $0.005 or 65% of the average closing price in the preceding 90 trading sessions. The conversion of the Series D Preferred Shares to common stock is permitted after two years from the date of issuance, with a maximum of 4.99% per conversion. All share issuances are restricted in accordance with the Securities and Exchange Commission ("SEC") Rule 144. 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," "est
01 EXHIBITS
ITEM 9.01 EXHIBITS. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated July 24, 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: July 29, 2024 4