---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-000167"
form_type: "8-K"
ticker: "FYNN"
cik: "0001497230"
company_name: "Fyntechnical Innovations Inc"
filed_at: "2025-01-07T23:59:59+00:00"
generated_at: "2026-05-28T08:20:08.825724+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SMC Entertainment closes acquisition of Bateau Asset Management; CFO resigns

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-25-000167
- form_type: 8-K
- ticker: FYNN
- cik: 0001497230
- company_name: Fyntechnical Innovations Inc
- filed_at: 2025-01-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- 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/1497230/000165495425000167/0001654954-25-000167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497230/000165495425000167/smc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-000167
- JSON: https://secwatch.observer/filing/0001654954-25-000167.json
- Plain text: https://secwatch.observer/filing/0001654954-25-000167.txt

## Key facts
- Executive change
  Xuqiang (Adam) Yang resigned as Chief Financial Officer at Fyntechnical Innovations Inc.
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On January 6, 2025, Xuqiang (Adam) Yang resigned from his position as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497230/000165495425000167/0001654954-25-000167-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497230/000165495425000167/0001654954-25-000167-index.htm

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