Finnovate shareholders approve 6-month extension to Nov 2024; ~$26.9M redeemed from trust

Finnovate Acquisition Corp.

Extension proposal approved: deadline for initial business combination moved from May 8 to Nov 8, 2024.
Shareholders redeemed 2,374,826 shares, withdrawing approx $26.9M ($11.33/share) from trust account.
Marcum LLP ratified as independent auditor for fiscal year ending Dec 31, 2024.
Adjournment proposal not presented due to sufficient votes for other proposals.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Finnovate Acquisition Corp.: Amendment to Articles of Association to extend business combination deadline from May 8, 2024 to November 8, 2024 (effective 2024-05-08).

Change: charter amendment
Effective: 2024-05-08

Exact text from the filing

a proposal to amend the Company’s amended and restated memorandum and articles of association (the “ Charter Amendment ”) to extend the date by which the Company has to consummate an initial business combination from May 8, 2024 to November 8, 2024

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Finnovate Acquisition Corp. shareholders approved Amend the amended and restated memorandum and articles of association to extend the date to consummate an initial business combination from May 8, 2024 to November 8, 2024 at the 2024-05-02 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2024-05-02

Exact text from the filing

.07 Submission of Matters to a Vote of Security Holders. On May 2, 2024, Finnovate Acquisition Corp.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Finnovate Acquisition Corp. shareholders approved Ratify the selection of Marcum LLP as independent registered public accounting firm for the year ending December 31, 2024 at the 2024-05-02 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-05-02

Exact text from the filing

.07 Submission of Matters to a Vote of Security Holders. On May 2, 2024, Finnovate Acquisition Corp.

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0001493152-24-018228

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.