Form 8-K - Current report
October 13 2023 - 4:15PM
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): October 9, 2023
FINNOVATE
ACQUISITION CORP.
(Exact
name of registrant as specified in its charter)
Cayman
Islands |
|
001-41012 |
|
N/A |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
The
White House,
20
Genesis Close, George Town
Grand
Cayman, Cayman
Islands KY1
1208
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: +1 424-253-0908
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Units,
each consisting of one Class A ordinary share and three-quarters of one redeemable warrant |
|
FNVTU |
|
The
Nasdaq Stock Market LLC |
Class
A ordinary shares, par value $0.0001 per share |
|
FNVT |
|
The
Nasdaq Stock Market LLC |
Redeemable
warrants, each warrant exercisable for one Class A ordinary share at an exercise price of $11.50 |
|
FNVTW |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
October 9, 2023, Finnovate Acquisition Corp. (the “Company”) received a deficiency notice (the “Notice”) from
the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the
Company that the Company no longer meets the minimum 400 total holders requirement for The Nasdaq Global Market pursuant to Nasdaq Listing
Rule 5450(a)(2) (the “Minimum Total Holders Requirement”). The notification received has no immediate effect on the Company’s
Nasdaq listing. In accordance with Nasdaq rules, the Company has 45 calendar days, or until November 24, 2023 to submit a plan to regain
compliance with the Minimum Total Holders Requirement.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
See
the Exhibit Index below, which is incorporated by reference herein.
Exhibit
No. |
|
Description |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
Finnovate
Acquisition Corp. |
|
|
|
|
|
|
Date:
October 13, 2023 |
By: |
/s/
Calvin Kung |
|
|
Name:
Calvin Kung |
|
|
Title:
Chief Executive Officer |
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Document Period End Date |
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|
Entity File Number |
001-41012
|
Entity Registrant Name |
FINNOVATE
ACQUISITION CORP.
|
Entity Central Index Key |
0001857855
|
Entity Incorporation, State or Country Code |
E9
|
Entity Address, Address Line One |
The
White House
|
Entity Address, Address Line Two |
20
Genesis Close
|
Entity Address, Address Line Three |
George Town
|
Entity Address, City or Town |
Grand
Cayman
|
Entity Address, Country |
KY
|
Entity Address, Postal Zip Code |
KY1
1208
|
City Area Code |
424
|
Local Phone Number |
253-0908
|
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|
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|
Units, each consisting of one Class A ordinary share and three-quarters of one redeemable warrant |
|
Title of 12(b) Security |
Units,
each consisting of one Class A ordinary share and three-quarters of one redeemable warrant
|
Trading Symbol |
FNVTU
|
Security Exchange Name |
NASDAQ
|
Class A ordinary shares, par value $0.0001 per share |
|
Title of 12(b) Security |
Class
A ordinary shares, par value $0.0001 per share
|
Trading Symbol |
FNVT
|
Security Exchange Name |
NASDAQ
|
Redeemable warrants, each warrant exercisable for one Class A ordinary share at an exercise price of $11.50 |
|
Title of 12(b) Security |
Redeemable
warrants, each warrant exercisable for one Class A ordinary share at an exercise price of $11.50
|
Trading Symbol |
FNVTW
|
Security Exchange Name |
NASDAQ
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