Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Finnovate Acquisition Corp. incurred loan of up to $1,500,000 with Scage International Limited at does not bear interest maturing earlier of the closing of an initial business combination by the Company and the Company’s liquidation.
- Instrument
- loan
- Principal
- up to $1,500,000
- Counterparty
- Scage International Limited
- Rate
- does not bear interest
- Maturity
- earlier of the closing of an initial business combination by the Company and the Company’s liquidation
- Event
- incurrence
Exact text from the filing
On January 26, 2024, Finnovate Acquisition Corp. (the “ Company ”) issued an unsecured promissory note (the “ Note ”) in the aggregate principal amount of up to $1,500,000 to Scage International Limited (“Scage”), a party to the Business Combination Agreement entered into by the Company, Scage, and other parties on August 21, 2023, for the Company’s working capital needs. The Note does not bear interest and matures upon the earlier of the closing of an initial business combination by the Company and the Company’s liquidation.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Finnovate Acquisition Corp. entered into Note with Scage International Limited valued at up to $1,500,000 (effective 2024-01-26).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Scage International Limited
- Value
- up to $1,500,000
- Effective
- 2024-01-26
Exact text from the filing
On January 26, 2024, Finnovate Acquisition Corp. (the “ Company ”) issued an unsecured promissory note (the “ Note ”) in the aggregate principal amount of up to $1,500,000 to Scage International Limited (“Scage”), a party to the Business Combination Agreement entered into by the Company, Scage, and other parties on August 21, 2023, for the Company’s working capital needs.
View on SEC.gov