12/02/2024 | Press release | Distributed by Public on 12/02/2024 15:06
Item 8.01. Other Events
As of November 29, 2024, Finnovate Acquisition Corporation (the "Company") had deposited $43,320 (including $55.40 of applicable interest) into the Company's trust account. As previously disclosed, the Company will deposit $43,264.60 per month into the trust account, which equates to approximately $0.05 per remaining public share that was not redeemed in connection with its extension, for each calendar month (commencing on November 8, 2024 and ending on the 7th day of each subsequent month) until May 8, 2025, or portion thereof, that is needed to complete an initial business combination, for up to an aggregate of $259,588 plus any applicable interest.