Finnovate Acquisition Corp.

Overview

• IndustryBlank Checks¹
• HeadquartersWilmington, Delaware¹
• Incorporated inCayman Islands³
• Business address1007 N Orange St. 10Th Floor, Wilmington, De 19801³
• Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company³

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4,584,957 Class A ordinary shares and one Class B ordinary share issued and outstanding.⁴ From its latest annual report

Corporate structure

Finnovate Acquisition Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Finnovate Acquisition Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Intangibles and goodwill

Properties, in its own words

Our executive office is located at 265 Franklin Street, Suite 1702, Boston, MA, and our telephone number is (424) 253-0908. The cost for our use of this space is included in the $3,000 per month fee we pay to our Sponsor or to an affiliate of our Sponsor for office space, administrative and shared personnel support services, pursuant to the Administrative Services Agreement, which was terminated as of October 1, 2024.

Item 2 of the 10-K filed Jun 5, 2025.⁴

Leadership

Who has led Finnovate Acquisition Corp., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerCalvin Kung May 19, 2023 to Jan 8, 2025¹¹
• Chief executive officerDavid Gershon Nov 3, 2021 to Nov 3, 2021¹²
• Chief financial officerWang Chiu Wong May 19, 2023 to Jan 8, 2025¹³
• Chief financial officerRon Avshalom Golan Nov 3, 2021 to Nov 3, 2021¹⁴

Former names

• Finnovate Acquisition CorpJun 10, 2021 to Jul 12, 2021³

Timeline

1. Jul 3, 20258-K Entered a material agreement; Completed an acquisition or sale; Change to shareholders' rights²²
2. Jun 11, 20258-K Earlier financial statements no longer reliable²³
3. May 12, 20258-K Bylaws or fiscal year changed; Shareholder vote²⁴
4. May 1, 20258-K Listing notice or transfer; Other events²⁵
5. Apr 7, 20258-K Entered a material agreement²⁶
6. Apr 2, 20258-K Shareholder vote²⁷
7. Mar 26, 20258-K Change of auditor²⁸
8. Mar 25, 20258-K Other events²⁹
9. Mar 13, 20258-K Other events³⁰
10. Feb 25, 20258-K Other events³¹
11. Jan 28, 20258-K Other events³²
12. Jan 7, 20258-K Other events³³
13. May 19, 2023New chief executive Calvin Kung becomes CEO¹¹
14. Nov 3, 2021New chief executive David Gershon becomes CEO¹²

Filings

136 filings to the SEC since October 2021: 5 annual reports, 11 quarterly reports, 38 major events, 22 insider forms, 14 large holders, 46 other. The latest 20:

1. Nov 19, 202510-Q QUARTERLY REPORT EDGAR
2. Aug 14, 202515-12G EDGAR
3. Jul 3, 20258-K EDGAR
4. Jun 11, 202510-K/A EDGAR
5. Jun 11, 20258-K EDGAR
6. Jun 5, 202510-K EDGAR
7. May 12, 20258-K EDGAR
8. May 1, 2025425 EDGAR
9. May 1, 20258-K EDGAR
10. Apr 21, 2025DEF 14A EDGAR
11. Apr 11, 2025PRE 14A EDGAR
12. Apr 8, 2025425 EDGAR
13. Apr 8, 2025425 EDGAR
14. Apr 7, 2025425 EDGAR
15. Apr 7, 20258-K EDGAR
16. Apr 2, 2025425 EDGAR
17. Apr 2, 20258-K EDGAR
18. Mar 31, 2025NT 10-K EDGAR
19. Mar 26, 20258-K EDGAR
20. Mar 25, 2025DEFA14A EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 0 buys and 6 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• First Trust Capital Management L.P.SCHEDULE 13G/A, 2 filings Nov 14, 2024 to Feb 14, 2025³⁴
• GLAZER CAPITAL, LLCSC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 2024³⁵
• CANTOR FITZGERALD SECURITIESSC 13G/A, 2 filings Aug 17, 2022 to Feb 12, 2024³⁶
• Saba Capital Management, L.P.SC 13G/A, 3 filings Nov 12, 2021 to Feb 8, 2024³⁷
• Meitav Investment House LtdSC 13G/A, 2 filings May 17, 2023 to May 24, 2023³⁸
• Finnovate Sponsor L.P.SC 13G, 1 filing Apr 18, 2022³⁹
• Space Summit Capital LLCSC 13G/A, 2 filings Dec 16, 2021 to Feb 3, 2022⁴⁰

SEC filer profile

How Finnovate Acquisition Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARFinnovate Acquisition Corp.¹
• CIK0001857855
• Employer ID (EIN)00-0000000⁴
• Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company⁴
• Incorporated inCayman Islands⁴
• Fiscal year endsDecember 31¹
• Industry code (SIC)6770 Blank Checks¹
• SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance¹
• Business address1007 N Orange St. 10Th Floor, Wilmington, DE 19801¹
• Phone972 54 463 8585¹
• Shares outstanding4,584,957 Common Class A shares; 1 Common Class B shares as of Jun 5, 2025⁴
• Public float$9.8M as of Jun 30, 2024⁴
• AuditorMarcum LLP, Houston, TX PCAOB ID 688⁴
• On EDGAR sinceJun 10, 2021¹
• Filings145 in all: 8-K (37), 425 (14), 3 (13), 10-Q (11), SC 13G (9), 4 (7), DEFA14A (7), SC 13G/A (7)¹
  All 31 form types

  NT 10-Q (6), 10-K (4), DEF 14A (4), PRE 14A (4), NT 10-K (3), UPLOAD (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 4/A (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), CORRESP (1), DEFM14A (1), DRS (1), DRS/A (1), EFFECT (1), S-1 (1), SC 14F1 (1), SCHEDULE 13G/A (1)

• Latest filingsAnnual report (10-K) Jun 5, 2025
  Quarterly report (10-Q) Nov 19, 2025
  Proxy statement (DEF 14A) Apr 21, 2025
  Latest 8-K (8-K) Jul 3, 2025

Securities registered for trading

From the cover page of the 10-K filed Jun 5, 2025 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks Finnovate Acquisition Corp. names in Item 1A of its 10-K filed Jun 5, 2025: 2 risks under these headings, as written.⁴

• The share price of the post-Business Combination company may be less than the Redemption Price of our Public Shares.
• Changes in international trade policies, tariffs and treaties affecting imports and exports may have a material adverse effect on our search for an initial Business Combination target or the performance or business prospects of a post-Business Combination company.

Legal proceedings

To the knowledge of our Management Team, there is no material litigation currently pending or contemplated against us, any of our officers or directors in their capacity as such or against any of our property.

The opening of Item 3, Legal Proceedings.⁴