Finnovate Acquisition Corp. (Nasdaq: FNVT) is a blank check company incorporated in the Cayman Islands with the purpose of acquiring one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization.
Company profile
Ticker
FNVT, FNVTU, FNVTW
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Finnovate Acquisition Corp
SEC CIK
Corporate docs
IRS number
981592968
FNVT stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
15 Nov 23
NT 10-Q
Notice of late quarterly filing
15 Nov 23
10-Q
2023 Q2
Quarterly report
6 Nov 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
13 Oct 23
8-K
Finnovate Acquisition Corp. Receives Nasdaq Deficiency Notice Due to Delayed Filing of Form 10-Q
18 Sep 23
425
Business combination disclosure
25 Aug 23
425
Business combination disclosure
25 Aug 23
8-K
Entry into a Material Definitive Agreement
25 Aug 23
425
Business combination disclosure
21 Aug 23
425
Business combination disclosure
21 Aug 23
Latest ownership filings
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
4/A
Change in insider ownership (amended)
24 May 23
4
Change in insider ownership
23 May 23
3
Initial statement of insider ownership
22 May 23
3
Wang Chiu Wong
19 May 23
3
Calvin Kung
19 May 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | |
|---|---|---|---|
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Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 51 |
| Opened positions | 17 |
| Closed positions | 17 |
| Increased positions | 9 |
| Reduced positions | 19 |
| 13F shares | Current |
|---|---|
| Total value | 33.07 bn |
| Total shares | 15.20 mm |
| Total puts | 0.00 |
| Total calls | 258.75 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Finnovate Sponsor | 4.24 mm | $41.87 mm |
| Periscope Capital | 1.34 mm | $3.48 bn |
| Fitzgerald Securities Cantor | 970.27 k | $9.72 mm |
| EHP Funds | 735.65 k | $25.79 mm |
| Glazer Capital | 678.22 k | $7.18 mm |
| Saba Capital Management | 660.11 k | $23.14 mm |
| Westchester Capital Management | 563.13 k | $5.96 bn |
| Mizuho Securities Usa | 535.41 k | $5.64 bn |
| Kim | 425.00 k | $1.33 bn |
| Radcliffe Capital Management | 345.90 k | $2.87 bn |
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 |