---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-000662"
form_type: "8-K"
ticker: "FYNN"
cik: "0001497230"
company_name: "Fyntechnical Innovations Inc"
filed_at: "2025-01-23T23:59:59+00:00"
generated_at: "2026-05-27T13:57:45.622640+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-25-000662
- form_type: 8-K
- ticker: FYNN
- cik: 0001497230
- company_name: Fyntechnical Innovations Inc
- filed_at: 2025-01-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497230/000165495425000662/0001654954-25-000662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497230/000165495425000662/smc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-000662
- JSON: https://secwatch.observer/filing/0001654954-25-000662.json
- Plain text: https://secwatch.observer/filing/0001654954-25-000662.txt

## Key facts
- Executive change
  Bryan Feinberg resigned as Director at Fyntechnical Innovations Inc.
  - Action: resigned
  - Role: Director
  source text: On January 12, 2025, Mr. Bryan Feinberg resigned from his position as Director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497230/000165495425000662/0001654954-25-000662-index.htm
- Executive change
  Eric Sherb was appointed as Chief Financial Officer at Fyntechnical Innovations Inc.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On January 17, 2025, Mr. Eric Sherb, CPA, of EMS Consulting Services, was appointed as the Company’s Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497230/000165495425000662/0001654954-25-000662-index.htm

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