Rhea-AI Summary
Finnovate Acquisition Corp (Nasdaq: FNVT, FNVTU, FNVTW) announced changes to its upcoming extraordinary general meeting and sponsor contributions. The Sponsor will contribute $0.05 per unredeemed Class A ordinary share monthly from November 8, 2024, to May 8, 2025, to support the extension period for completing an initial business combination. If extended to May 2025, this would increase the redemption amount to approximately $11.91 per unredeemed share, up from the current $11.61. The Special Meeting has been postponed to November 6, 2024, at 10:00 AM ET, with a new redemption deadline of November 4, 2024, at 5:00 PM ET.
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FAQ
What is the current stock price of Finnovate Acquisition (FNVT)?
The current stock price of Finnovate Acquisition (FNVT) is $11.824 as of February 7, 2025.
What is the market cap of Finnovate Acquisition (FNVT)?
The market cap of Finnovate Acquisition (FNVT) is approximately 78.2M.