secwatch.observer — SEC 8-K summary
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Issuer:     Finnovate Acquisition Corp. (—)
CIK:        0001857855
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001493152-24-004603
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Finnovate Acquisition Corp. issues $1.5M promissory note to Scage International for working capital
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- Unsecured note of up to $1,500,000 to Scage, a party to the August 2023 business combination agreement.
- Note is non-interest bearing; principal due at earlier of initial business combination or liquidation.
- Includes $169,843.83 advanced by Payee to Maker since December 29, 2023.
- Payee waives any claims against the trust account established in connection with the IPO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857855/000149315224004603/0001493152-24-004603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857855/000149315224004603/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004603

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