secwatch.observer — SEC 8-K summary
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Issuer:     Finnovate Acquisition Corp. (—)
CIK:        0001857855
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001493152-24-018639
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Finnovate Acquisition Corp. receives Nasdaq delisting notice over minimum public holders rule
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- Nasdaq notified Finnovate on May 6, 2024 that it failed to regain compliance with the 400 public holders requirement.
- Unless a hearing is requested, securities will be suspended and delisted from Nasdaq Global Market on May 15, 2024.
- Company intends to request a hearing before the Nasdaq Hearings Panel and pay the $20,000 fee to appeal.
- Hearing request will stay suspension; no assurance the Panel will grant continued listing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857855/000149315224018639/0001493152-24-018639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857855/000149315224018639/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018639

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