---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-004512"
form_type: "8-K"
ticker: "FYNN"
cik: "0001497230"
company_name: "Fyntechnical Innovations Inc"
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:13:35.625082+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-25-004512
- form_type: 8-K
- ticker: FYNN
- cik: 0001497230
- company_name: Fyntechnical Innovations Inc
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: medium
- sec_items: 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497230/000165495425004512/0001654954-25-004512-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497230/000165495425004512/smc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-004512
- JSON: https://secwatch.observer/filing/0001654954-25-004512.json
- Plain text: https://secwatch.observer/filing/0001654954-25-004512.txt

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