---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-009033"
form_type: "8-K"
ticker: "FYNN"
cik: "0001497230"
company_name: "Fyntechnical Innovations Inc"
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:10:59.419364+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SMC Entertainment retires $436,884 debt via equity conversion at $0.002/share

## Summary
- Debt of $436,884 retired through conversion of consulting fees and management accrued earnings.
- $300,374 from non-affiliate debt holder and $136,500 from insiders converted into 68,250,000 restricted shares at $0.002 per share.
- Debt retirement to be reflected in Q3 2024 financial statements.
- Management cites undervaluation and progress on Chaintrade.AI acquisition and Fyniti developments.

## SEC filing metadata
- accession: 0001654954-24-009033
- form_type: 8-K
- ticker: FYNN
- cik: 0001497230
- company_name: Fyntechnical Innovations Inc
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497230/000165495424009033/0001654954-24-009033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497230/000165495424009033/smc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-009033
- JSON: https://secwatch.observer/filing/0001654954-24-009033.json
- Plain text: https://secwatch.observer/filing/0001654954-24-009033.txt

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