Finnovate Acquisition Corp.: Nasdaq/NYSE listing notice — Finnovate Acquisition Corp. receives Nasdaq deficiency notice for insufficient total holders

Finnovate Acquisition Corp.

Received notice on Oct 9, 2023 for failing minimum 400 total holders requirement under Nasdaq Rule 5450(a)(2).
No immediate effect on listing; has until Nov 24, 2023 to submit a plan to regain compliance.
Tickers affected: FNVTU (units), FNVT (Class A shares), FNVTW (warrants).

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 0.95

Finnovate Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(a)(2)

Exact text from the filing

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 sub

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Source: SEC EDGAR

accession 0001493152-23-037180

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