$SMCE .0093 Huge News Out, >> $45,000,000 Acquisition Update >> SMC and Genesis have exchanged second draft of the definitive agreement. SMC anticipates signing the definitive agreement soon and plans to close the acquisition in calendar 2021.
SMC has held discussions with a number of investment banking firms/hedge funds to either lead or syndicate SMC's capital raise to support the Genesis acquisition. SMC will make appropriate announcements once investment partners have been selected.
SMC will be coordinating activities with its securities attorney to file required documentation with the SEC to attain a reporting issuer status. This filing will be after the closing of the Genesis acquisition and completion of consolidated audited financial statements for the combined entities. After becoming a reporting issuer, SMC plans to apply for a company name and symbol change, and up list to a senior exchange.
Everything I say is in my opinion, do your own DD and make your decision wisely! Don't spend more then you can afford to lose!
