---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-032923"
form_type: "8-K"
ticker: null
cik: "0001857855"
company_name: "Finnovate Acquisition Corp."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T15:22:32.077829+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Finnovate receives Nasdaq deficiency notice for delayed Q2 10-Q filing

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-032923
- form_type: 8-K
- cik: 0001857855
- company_name: Finnovate Acquisition Corp.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857855/000149315223032923/0001493152-23-032923-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857855/000149315223032923/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-032923
- JSON: https://secwatch.observer/filing/0001493152-23-032923.json
- Plain text: https://secwatch.observer/filing/0001493152-23-032923.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857855/000149315223032923/0001493152-23-032923-index.htm

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