GlobeNewswire Inc. · Sep 18, 2023
George Town, Grand Cayman, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Finnovate Acquisition Corp. (“Finnovate” or the “Company”) (NASDAQ: FNVT) on September 12, 2023 received notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, due to the delay in the filing of the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2023 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”), Finnovate does not currently satisfy Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all periodic reports with the SEC. The deficiency has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq.
GlobeNewswire Inc. · Aug 21, 2023
George Town, Grand Cayman and Nanjing, China, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Finnovate Acquisition Corp. (Nasdaq: FNVT) (“Finnovate”), a publicly traded special purpose acquisition company, and Scage International Limited (“Scage”) announced today that they have entered into a definitive Business Combination Agreement (the “Business Combination Agreement”). Upon consummation of the two mergers and the other transaction contemplated by the Business Combination Agreement (the “Business Combination”), Scage Future, a newly formed holding company (“Pubco”) will seek to be listed on the Nasdaq Stock Market. The outstanding securities of Scage and Finnovate will be converted into the right to receive securities of Pubco. The transaction represents a post-combination valuation of $1.0 billion ($1,000,000,000) for Scage upon closing of the Business Combination, subject to adjustment.
GlobeNewswire Inc. · Dec 6, 2021
NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Finnovate Acquisition Corp. (Nasdaq: FNVTU) (the “Company”) today announced that, commencing December 8, 2021, holders of the units sold in the Company’s initial public offering may elect to separately trade the Class A ordinary shares and warrants included in the units. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols “FNVT” and “FNVTW,” respectively. Units that are not separated will continue to trade on the Nasdaq Global Market under the symbol “FNVTU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.
GlobeNewswire Inc. · Nov 12, 2021
NEW YORK, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Finnovate Acquisition Corp. (Nasdaq: FNVTU) (the “Company”) today announced that it has completed the sale of an additional 2,250,000 units pursuant to the underwriters’ over-allotment option in connection with the Company’s initial public offering, generating an additional $22,500,000 of gross proceeds for the Company. In total, 17,250,000 units were sold in the offering, including the 2,250,000 units subject to the over-allotment option, at an offering price of $10.00 per unit, generating total gross proceeds to the Company of $172,500,000.
