---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-003501"
form_type: "8-K"
ticker: "FYNN"
cik: "0001497230"
company_name: "Fyntechnical Innovations Inc"
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T02:59:57.693896+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-25-003501
- form_type: 8-K
- ticker: FYNN
- cik: 0001497230
- company_name: Fyntechnical Innovations Inc
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 1.01, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497230/000165495425003501/0001654954-25-003501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497230/000165495425003501/smc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-003501
- JSON: https://secwatch.observer/filing/0001654954-25-003501.json
- Plain text: https://secwatch.observer/filing/0001654954-25-003501.txt

## Key facts
- Executive change
  Paul Couture was terminated as Chief Technology Officer at Fyntechnical Innovations Inc.
  - Action: terminated
  - Role: Chief Technology Officer
  source text: On March 25, 2025, in connection with the Chaintrade transaction, Paul Couture was terminated from his position as Chief Technology Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1497230/000165495425003501/0001654954-25-003501-index.htm

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