- SMC Entertainment Inc (OTC: SMCE) is divesting its FiberSKY Networks subsidiary.
- SMC will return all assets concerning the FiberSKY acquisition to FiberSKY's original stakeholders for 20 million SMC's shares under the arrangement.
- SMC will issue 2 million new restricted shares of SMC to FiberSKY stakeholders.
- Recently, the company inked an agreement to acquire Michigan-based Spectrum Entertainment LLC for equity of SMC Entertainment.
- Price action: SMCE stock closed lower by 3.85% at $0.005 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
