---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018228"
form_type: "8-K"
ticker: null
cik: "0001857855"
company_name: "Finnovate Acquisition Corp."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T13:23:49.682772+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-018228
- form_type: 8-K
- cik: 0001857855
- company_name: Finnovate Acquisition Corp.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857855/000149315224018228/0001493152-24-018228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857855/000149315224018228/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018228
- JSON: https://secwatch.observer/filing/0001493152-24-018228.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018228.txt

## Key facts
- Governance Changes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857855/000149315224018228/0001493152-24-018228-index.htm
- Shareholder Votes
  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
  source text: .07 Submission of Matters to a Vote of Security Holders. On May 2, 2024, Finnovate Acquisition Corp.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857855/000149315224018228/0001493152-24-018228-index.htm
- Shareholder Votes
  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
  source text: .07 Submission of Matters to a Vote of Security Holders. On May 2, 2024, Finnovate Acquisition Corp.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1857855/000149315224018228/0001493152-24-018228-index.htm

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