Finnovate Acquisition Corp.: Nasdaq/NYSE listing notice — Finnovate receives Nasdaq deficiency notice for delayed Q2 10-Q filing

Finnovate Acquisition Corp.

Received Nasdaq deficiency notice on Sept 12, 2023 for failure to timely file Form 10-Q for period ended June 30, 2023.
Must submit compliance plan within 60 days (by Dec 5, 2023) per Nasdaq Listing Rule 5250(c)(1).
Nasdaq may grant up to 180-day extension from original due date (until Feb 19, 2024) if plan accepted.
No immediate impact on listing; failure to regain compliance could lead to delisting.
Company states it is working diligently to file the Form 10-Q as soon as practicable.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Finnovate Acquisition Corp. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

September 12, 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 was not in compliance with Nasdaq’s continuing listing standards (the “Listing Rules”) as set forth in in Listing Rule 5250(c)(1) given the Company’s failure to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2023. The notification received has no immediate effect on the Company’s Nasdaq listing. In accordance with Nasdaq r

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Source: SEC EDGAR

accession 0001493152-23-032923

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