---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-003962"
form_type: "8-K"
ticker: null
cik: "0001857855"
company_name: "Finnovate Acquisition Corp."
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:42:58.387383+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Finnovat Acquisition Corp. receives Nasdaq deficiency notice for missing annual meeting requirement

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-003962
- form_type: 8-K
- cik: 0001857855
- company_name: Finnovate Acquisition Corp.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857855/000149315224003962/0001493152-24-003962-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857855/000149315224003962/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-003962
- JSON: https://secwatch.observer/filing/0001493152-24-003962.json
- Plain text: https://secwatch.observer/filing/0001493152-24-003962.txt

## Key facts
- Listing & Compliance Notices
  Finnovate Acquisition Corp. received a nasdaq deficiency notice notice regarding other (rules 5620(a)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Rules: 5620(a)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857855/000149315224003962/0001493152-24-003962-index.htm

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