{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-008315","form_type":"8-K","ticker":"FYNN","cik":"0001497230","company_name":"Fyntechnical Innovations Inc","filed_at":"2024-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.669468+00:00","generated_at":"2026-06-01T00:32:34.760432+00:00","sec_items":["2.01","2.03","3.02","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"SMC Entertainment acquires ChainTrade AI trading platform for $8M convertible note","bullets":["Acquired 100% of ChainTrade's AI-powered trading platform for $8M convertible note at $1/share, 5% interest, 18-month term.","Additional $500K working capital payable in tranches over 18 months; late payments incur 10% penalty and potential platform suspension.","Paul Couture appointed CTO with $7,500/month salary for one year; Bryan Feinberg appointed to Board with $7,500/month consulting fee.","Platform enables trading equities, ETFs, commodities, and indices via personalized AI assistant; ready for commercial launch.","ChainTrade is a UK-licensed fintech joint venture between Plato Data Intelligence and Redmatter.Capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-008315","json":"https://secwatch.observer/filing/0001654954-24-008315.json","markdown":"https://secwatch.observer/filing/0001654954-24-008315.md","text":"https://secwatch.observer/filing/0001654954-24-008315.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497230/000165495424008315/0001654954-24-008315-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497230/000165495424008315/smc_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T00:32:34.760432+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"51604190d0","claim":"Bryan Feinberg was appointed as Director at Fyntechnical Innovations Inc.","evidence_excerpt":"Also on June 25, 2024, Bryan Feinberg was appointed to our Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497230/000165495424008315/0001654954-24-008315-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"8c2cad897b","claim":"Paul (Prem) Couture was appointed as Chief Technology Officer at Fyntechnical Innovations Inc.","evidence_excerpt":"Paul (Prem) Couture, CEO of ChainTrade, and Red Matter Capital, was appointed as the Company’s Chief Technology Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497230/000165495424008315/0001654954-24-008315-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Technology Officer"}],"fact_type":"executive_change"},{"claim_id":"1af68e2e41340b55540cf9075ad662265fbf601a","claim":"Fyntechnical Innovations Inc completed an acquisition involving ChainTrade, LTD for $8,000,000 promissory note convertible into common stock at $1 per share plus $500,000 working capital commitment (closed 2024-06-21).","evidence_excerpt":"strategies and utilizes AI to evaluate assets within a portfolio. Under the terms of the Acquisition Agreement, the Company purchased the ChainTrade Assets in exchange for an $8,000,000 promissory note, with a term of 18 months, and a 5% interest rate. The Note is convertible into shares of the Company’s Common Stock at $1 per share. The Company has also","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497230/000165495424008315/0001654954-24-008315-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"ChainTrade, LTD"},{"label":"Consideration","value":"$8,000,000 promissory note convertible into common stock at $1 per share plus $500,000 working capital commitment"},{"label":"Closing","value":"2024-06-21"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}