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- 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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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