---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037180"
form_type: "8-K"
ticker: null
cik: "0001857855"
company_name: "Finnovate Acquisition Corp."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:13:11.933028+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Finnovate Acquisition Corp. receives Nasdaq deficiency notice for insufficient total holders

## Summary
- 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).

## SEC filing metadata
- accession: 0001493152-23-037180
- form_type: 8-K
- cik: 0001857855
- company_name: Finnovate Acquisition Corp.
- filed_at: 2023-10-13T23:59:59+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/1857855/000149315223037180/0001493152-23-037180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857855/000149315223037180/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037180
- JSON: https://secwatch.observer/filing/0001493152-23-037180.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037180.txt

## Key facts
- Listing & Compliance Notices
  Finnovate Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Rules: 5450(a)(2)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857855/000149315223037180/0001493152-23-037180-index.htm

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