SMC Entertainment signs LOI to acquire Flax Tech for $3.5M, appoints new CFO

Fyntechnical Innovations Inc

SMC entered LOI to acquire 100% of Flax Tech for $3.5M: $750K convertible note, 441M restricted shares at $0.0017, and $2M working capital.
Eric Sherb, CPA, appointed CFO on Jan 17, 2025; Bryan Feinberg resigned as director on Jan 12 but stays as consultant.
Acquisition is contingent on definitive purchase agreement due Feb 15, 2025, and PCAOB audited financials.
Flax Tech, a UK crypto disruptor, will be led by founder Surya Chowdhury post-closing.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Bryan Feinberg

Director

FYNN · Fyntechnical Innovations Inc

Effective: 2025-01-12
Filed: January 23, 2025, 6:59 PM ET

On January 12, 2025, Mr. Bryan Feinberg resigned from his position as Director of the Company.

Appointed

Eric Sherb

Chief Financial Officer

FYNN · Fyntechnical Innovations Inc

Effective: 2025-01-17
Filed: January 23, 2025, 6:59 PM ET

On January 17, 2025, Mr. Eric Sherb, CPA, of EMS Consulting Services, was appointed as the Company’s Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bryan Feinberg resigned as Director at Fyntechnical Innovations Inc.

Action: resigned
Role: Director

Exact text from the filing

On January 12, 2025, Mr. Bryan Feinberg resigned from his position as Director of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric Sherb was appointed as Chief Financial Officer at Fyntechnical Innovations Inc.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On January 17, 2025, Mr. Eric Sherb, CPA, of EMS Consulting Services, was appointed as the Company’s Chief Financial Officer.

View on SEC.gov

Fyntechnical Innovations Inc filing history →

Source: SEC EDGAR

accession 0001654954-25-000662

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