---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-009590"
form_type: "8-K"
ticker: "FYNN"
cik: "0001497230"
company_name: "Fyntechnical Innovations Inc"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:14:40.394812+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# SMC Entertainment exchanges $516K of convertible debt for 55,000 Series D Preferred Shares

## Summary
- Retired $516,004 of debt ($313,323 and $202,681 notes) by issuing 55,000 Series D Preferred Shares.
- Preferred Shares convert at lesser of $0.005 or 65% of 90-day avg closing price; conversion after 2 years, max 4.99%.
- Since June 14, total debt retired/exchanged is $1,395,763; also cancelled 250M common shares since June 7.
- CEO cites enhanced balance sheet and stock undervaluation, referencing pending ChainTrade Ltd. asset purchase.

## SEC filing metadata
- accession: 0001654954-24-009590
- form_type: 8-K
- ticker: FYNN
- cik: 0001497230
- company_name: Fyntechnical Innovations Inc
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497230/000165495424009590/0001654954-24-009590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497230/000165495424009590/smc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-009590
- JSON: https://secwatch.observer/filing/0001654954-24-009590.json
- Plain text: https://secwatch.observer/filing/0001654954-24-009590.txt

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