---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-007811"
form_type: "8-K"
ticker: "FYNN"
cik: "0001497230"
company_name: "Fyntechnical Innovations Inc"
filed_at: "2024-06-17T23:59:59+00:00"
generated_at: "2026-06-01T04:05:25.604822+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SMC Entertainment retires $442,875 of debt; CEO converts $82K to 60.7M shares

## Summary
- Total debt retired: $442,875, including $360,875 from two consultants and $82,000 CEO accrued consulting fees.
- CEO Erik Blum converted $82,000 to 60,740,740 common shares at $0.00135 per share; now holds 284,970,470 shares.
- Debt retirement will be reflected in Q2 2024 financial statements; management cites commitment to balance sheet.
- CEO references recent agreement to purchase 100% of ChainTrade Ltd. assets, calling stock 'extremely undervalued.'

## SEC filing metadata
- accession: 0001654954-24-007811
- form_type: 8-K
- ticker: FYNN
- cik: 0001497230
- company_name: Fyntechnical Innovations Inc
- filed_at: 2024-06-17T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497230/000165495424007811/0001654954-24-007811-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497230/000165495424007811/smc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-007811
- JSON: https://secwatch.observer/filing/0001654954-24-007811.json
- Plain text: https://secwatch.observer/filing/0001654954-24-007811.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.