Finnovate Acquisition Corp. focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus its search on companies that provide technological services to the financial services industry. The company was incorporated in 2021 and is based in George Town, the Cayman Islands.
Company profile
Ticker
FNVT, FNVTW
Exchange
Website
CEO
Mr. Calvin Kung
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Innovative International Acquisition Corp.
SEC CIK
Corporate docs
IRS number
981592968
FNVT stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
5 Nov 24
8-K
Other Events
5 Nov 24
425
Business combination disclosure
4 Nov 24
425
Business combination disclosure
1 Nov 24
8-K
Entry into a Material Definitive Agreement
1 Nov 24
DEFA14A
Additional proxy soliciting materials
1 Nov 24
8-K
Other Events
1 Nov 24
DEF 14A
Definitive proxy
15 Oct 24
PRE 14A
Preliminary proxy
27 Sep 24
10-Q
2024 Q2
Quarterly report
19 Aug 24
Latest ownership filings
SC 13G
GLAZER CAPITAL, LLC
14 Feb 24
SC 13G
MIZUHO FINANCIAL GROUP INC
13 Feb 24
SC 13G/A
CANTOR FITZGERALD SECURITIES
12 Feb 24
SC 13G/A
BANK OF MONTREAL /CAN/
9 Feb 24
SC 13G/A
Saba Capital Management, L.P.
8 Feb 24
3
Tiemei Sarah Li
8 Jun 23
3/A
Initial statement of insider ownership (amended)
8 Jun 23
3
Chun Yi Hao
8 Jun 23
3
Sanjay Prasad
8 Jun 23
SC 13G/A
MEITAV INVESTMENT HOUSE LTD
24 May 23
Financial summary
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| Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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Institutional ownership, Q2 2024
76.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 4 |
| Opened positions | 0 |
| Closed positions | 3 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 55.30 mm |
| Total shares | 5.41 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Finnovate Sponsor | 4.24 mm | $41.87 mm |
| Fitzgerald Securities Cantor | 970.27 k | $9.72 mm |
| Calamos Advisors | 183.74 k | $3.71 mm |
| Space Summit Capital | 22.96 k | $0.00 |
| Proequities | 0.00 | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 23 May 23 | Meitav Dash Investments | Class A Ordinary Shares | Sell | Dispose S | Yes | No | 10.5203 | 564,417 | 5.94 mm | 564,417 |
| 23 May 23 | Meitav Dash Investments | Class A Ordinary Shares | Sell | Dispose S | Yes | No | 10.5203 | 564,417 | 5.94 mm | 0 |
| 22 May 23 | Meitav Dash Investments | Class A Ordinary Shares | Sell | Dispose S | Yes | No | 10.536 | 505,135 | 5.32 mm | 564,417 |
| 19 May 23 | Meitav Dash Investments | Class A Ordinary Shares | Sell | Dispose S | Yes | No | 10.55 | 325,000 | 3.43 mm | 1,069,552 |