SMC terminates Flax Tech LOI, sues Chaintrade, consolidates tech under FYNN AI

Fyntechnical Innovations Inc

Terminated LOI to acquire Flax Tech on March 26 due to inability to complete PCAOB audited financials in timely manner.
CTO Paul Couture terminated March 25 in connection with Chaintrade transaction.
Filed lawsuit March 17 in Nevada against Chaintrade and FYNX over reps and warranties; settlement negotiations ongoing.
Formed FYNX subsidiary March 5; gained majority control of Chaintrade via assignment from Plato.
Consolidating legacy technologies under FYNN AI; Bateau engaged RBSM LLP for FY2025 audit.

item 1.02 item 1.01 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

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Departed

Paul Couture

Chief Technology Officer

FYNN · Fyntechnical Innovations Inc

Effective: 2025-03-25
Filed: March 28, 2025, 7:59 PM ET

On March 25, 2025, in connection with the Chaintrade transaction, Paul Couture was terminated from his position as Chief Technology Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Couture was terminated as Chief Technology Officer at Fyntechnical Innovations Inc.

Action: terminated
Role: Chief Technology Officer

Exact text from the filing

On March 25, 2025, in connection with the Chaintrade transaction, Paul Couture was terminated from his position as Chief Technology Officer of the Company.

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Fyntechnical Innovations Inc filing history →

Source: SEC EDGAR

accession 0001654954-25-003501

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