Fyntechnical Innovations Inc (FYNN): M&A transaction — SMC Entertainment closes acquisition of Bateau Asset Management; CFO resigns

Fyntechnical Innovations Inc

Acquired 100% of Bateau Asset Management, an Australian boutique investment manager founded in 2016.
Issued 14,000,000 Series C Preferred shares and $2,000,000 in convertible notes (5% interest, $1 conversion price).
Notes have 12- and 24-month terms; Series C also convertible at $1 per common share.
CFO Xuqiang (Adam) Yang resigned on Jan 6, 2025, with no disagreement over operations or accounting.
Acquisition provides SMC entry into Australian and Southeast Asian financial services markets.

item 2.01 item 2.03 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Xuqiang (Adam) Yang

Chief Financial Officer

FYNN · Fyntechnical Innovations Inc

Effective: 2025-01-06
Filed: January 7, 2025, 6:59 PM ET

On January 6, 2025, Xuqiang (Adam) Yang resigned from his position as Chief Financial Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Xuqiang (Adam) Yang resigned as Chief Financial Officer at Fyntechnical Innovations Inc.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On January 6, 2025, Xuqiang (Adam) Yang resigned from his position as Chief Financial Officer.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Fyntechnical Innovations Inc completed an acquisition involving Bateau Asset Management Pty, Ltd for 14,000,000 shares of Series C Preferred Stock and $2,000,000 in convertible promissory notes (closed 2025-01-07).

Action: acquisition
Counterparty: Bateau Asset Management Pty, Ltd
Consideration: 14,000,000 shares of Series C Preferred Stock and $2,000,000 in convertible promissory notes
Closing: 2025-01-07

Exact text from the filing

follows an absolute-return investment philosophy and a multi-manager approach to investing. On January 7, 2025, per the terms of the Acquisition Agreement, the Company issued 14,000,000 shares of the Company’s Series C Preferred Stock to Bateau, and two convertible promissory notes in the principal amount of $1,000,000 (the “Notes”), carrying 5% interest. The

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27 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Fyntechnical Innovations Inc filing history →

Source: SEC EDGAR

accession 0001654954-25-000167

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