---
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"
generated_at: "2026-06-01T00:32:34.760432+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SMC Entertainment acquires ChainTrade AI trading platform for $8M convertible note

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 2.03, 3.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-008315
- JSON: https://secwatch.observer/filing/0001654954-24-008315.json
- Plain text: https://secwatch.observer/filing/0001654954-24-008315.txt

## Key facts
- Executive change
  Bryan Feinberg was appointed as Director at Fyntechnical Innovations Inc.
  - Action: appointed
  - Role: Director
  source text: Also on June 25, 2024, Bryan Feinberg was appointed to our Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497230/000165495424008315/0001654954-24-008315-index.htm
- Executive change
  Paul (Prem) Couture was appointed as Chief Technology Officer at Fyntechnical Innovations Inc.
  - Action: appointed
  - Role: Chief Technology Officer
  source text: Paul (Prem) Couture, CEO of ChainTrade, and Red Matter Capital, was appointed as the Company’s Chief Technology Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497230/000165495424008315/0001654954-24-008315-index.htm
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: ChainTrade, LTD
  - Consideration: $8,000,000 promissory note convertible into common stock at $1 per share plus $500,000 working capital commitment
  - Closing: 2024-06-21
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1497230/000165495424008315/0001654954-24-008315-index.htm

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