{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-044555","form_type":"8-K","ticker":null,"cik":"0001857855","company_name":"Finnovate Acquisition Corp.","filed_at":"2024-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.103812+00:00","generated_at":"2026-05-30T02:15:14.678657+00:00","sec_items":["1.01","2.03","3.01","5.03","5.07","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Finnovate Acquisition faces Nasdaq delisting; shareholders extend deadline to May 2025; sponsor loans $259,588","bullets":["Nasdaq notified delisting effective Nov 12, 2024 due to failure to close business combo by Nov 4 deadline; securities to trade on OTC Markets.","Shareholders approved extension of termination date from Nov 8, 2024 to May 8, 2025; filed Charter Amendment.","Sponsor issued promissory note up to $259,588 for monthly deposits into trust account to fund extension; bears no interest.","Holders of 1,383,214 shares redeemed for ~$16.16M ($11.68 per share) from trust account."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-044555","json":"https://secwatch.observer/filing/0001493152-24-044555.json","markdown":"https://secwatch.observer/filing/0001493152-24-044555.md","text":"https://secwatch.observer/filing/0001493152-24-044555.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1857855/000149315224044555/0001493152-24-044555-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1857855/000149315224044555/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T02:15:14.678657+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bcda4c4715baad3d17672b1561648fe342bb7d79","claim":"Finnovate Acquisition Corp.: Amended charter to extend business combination deadline from November 8, 2024 to May 8, 2025 (effective 2024-11-08).","evidence_excerpt":"a proposal to amend the Company’s amended and restated memorandum and articles of association, as amended (the “ Charter Amendment ”) to extend the date by which the Company has to consummate an initial business combination from November 8, 2024 to May 8, 2025","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1857855/000149315224044555/0001493152-24-044555-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-11-08"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}