secwatch.observer — SEC 8-K summary
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Issuer:     Finnovate Acquisition Corp. (—)
CIK:        0001857855
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001493152-23-032923
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857855/000149315223032923/0001493152-23-032923-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857855/000149315223032923/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-032923

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