Finnovate Acquisition Corp.: Nasdaq/NYSE listing notice — Finnovat Acquisition Corp. receives Nasdaq deficiency notice for missing annual meeting requirement

Finnovate Acquisition Corp.

Nasdaq notified Finnovate on Jan 22, 2024 it failed to hold annual meeting within 12 months of FYE Dec 31, 2022.
Company has 45 calendar days (until March 7, 2024) to submit a plan to regain compliance.
If plan accepted, Nasdaq may grant exception until June 28, 2024; if rejected, appeal possible.
Failure to regain compliance could result in delisting from Nasdaq.

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 0.99

Finnovate Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5620(a)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5620(a)

Exact text from the filing

January 22, 2024, 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 it is not in compliance with Nasdaq Listing Rule 5620(a), which requires that Nasdaq-listed companies hold an annual meeting of shareholders within twelve months of their fiscal year end (the “Annual Meeting Requirement”), because the Company did not hold an annual meeting of shareholders within twelve months of its fiscal year ended December 31, 2022. The notifica

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Source: SEC EDGAR

accession 0001493152-24-003962

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