secwatch.observer — SEC 8-K summary
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Issuer:     Finnovate Acquisition Corp. (—)
CIK:        0001857855
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001493152-24-018228
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857855/000149315224018228/0001493152-24-018228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857855/000149315224018228/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018228

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