Nevada court unwinds Chaintrade acquisition, cancels SMC's $8M promissory note

Fyntechnical Innovations Inc

On April 18, 2025, Nevada District Court ruled in favor of SMC, terminating the May 30, 2024 Acquisition Agreement with Chaintrade.
$8,000,000 promissory note issued to Chaintrade cancelled for lack of consideration after assets were not delivered.
All claims, counterclaims, and affirmative defenses between SMC, Chaintrade, and FYNX dismissed with prejudice.
SMC completed 2023 and 2024 PCAOB audits and is consolidating its technology platform; planned name and symbol change ongoing.
Company formed wholly-owned subsidiary FYNX in March 2025 and assigned Chaintrade interest from Plato Technologies.

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