Finnovate shareholders approve extension to Nov 8, 2025; ~$9M redeemed

Finnovate Acquisition Corp.

Articles Extension Proposal approved with 3,571,244 votes for, 524 against at May 6 meeting.
Deadline for business combination extended six months to November 8, 2025.
Holders of 742,834 Class A shares redeemed for ~$12.18 per share, removing ~$9.0M from trust.
Second Amended and Restated Memorandum and Articles filed with Cayman Registrar on May 8.
Adjournment Proposal not voted on due to sufficient votes for extension.

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.: Shareholders approved and Company adopted the Second Amended and Restated Memorandum and Articles of Association to extend the business combination deadline to November 8, 2025 (effective 2025-05-08).

Change: charter amendment
Effective: 2025-05-08

Exact text from the filing

the Company’s Second Amended and Restated Memorandum and Articles of Association (the “Articles”) which reflects the extension of the period within which the Company must consummate a business combination for six months until November 8, 2025

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Source: SEC EDGAR

accession 0001641172-25-009706

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