Finnovate Sponsor L.P. - Nov 3, 2021 Form 3 Insider Report for Finnovate Acquisition Corp. (FNVT)

Role: 10%+ Owner
Signature: Finnovate Sponsor L.P., By: Its General Partner, Finnovate Sponsor LLC, By: /s/ Ron Golan, Director
Stock symbol: FNVT
Transactions as of: Nov 3, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/3/2021, 05:20 PM
Next filing: Jun 8, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	FNVT	Class B ordinary shares							Nov 3, 2021	Class A ordinary shares	4.24M		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Class B ordinary shares, $0.0001 par value each, will automatically convert into Class A ordinary shares on the first business day following the issuer's initial business combination on a one-for-one basis, subject to certain adjustment, and have no expiration date. Includes 562,500 Class B ordinary shares that are subject to forfeiture depending on the extent to which the underwriters' over-allotment option in the issuer's initial public offering is not exercised in full.
F2	The Class B ordinary shares reported herein are held of record by the issuer's sponsor, Finnovate Sponsor L.P., a Delaware limited partnership. Finnovate Sponsor LLC, a Delaware limited liability company that is wholly-owned by Mr. David Gershon, Mr. Ron Golan and Mr. Uri Chaitchik, serves as the sole general partner of the issuer's sponsor. Mr. Gershon, Mr. Golan and Mr. Chaitchik, who serve as the issuer's chief executive officer, chief financial officer and senior consultant, respectively, serve as the directors of the general partner, and make all investment and voting decisions by majority vote. The limited partnership interests of the issuer's sponsor are held by various individuals and entities. Mr. Gershon, Mr. Golan and Mr. Chaitchik disclaim beneficial ownership of the securities held by the issuer's sponsor other than to the extent of their direct or indirect pecuniary interest in such securities.

Content

The Class B ordinary shares, $0.0001 par value each, will automatically convert into Class A ordinary shares on the first business day following the issuer's initial business combination on a one-for-one basis, subject to certain adjustment, and have no expiration date. Includes 562,500 Class B ordinary shares that are subject to forfeiture depending on the extent to which the underwriters' over-allotment option in the issuer's initial public offering is not exercised in full.

The Class B ordinary shares reported herein are held of record by the issuer's sponsor, Finnovate Sponsor L.P., a Delaware limited partnership. Finnovate Sponsor LLC, a Delaware limited liability company that is wholly-owned by Mr. David Gershon, Mr. Ron Golan and Mr. Uri Chaitchik, serves as the sole general partner of the issuer's sponsor. Mr. Gershon, Mr. Golan and Mr. Chaitchik, who serve as the issuer's chief executive officer, chief financial officer and senior consultant, respectively, serve as the directors of the general partner, and make all investment and voting decisions by majority vote. The limited partnership interests of the issuer's sponsor are held by various individuals and entities. Mr. Gershon, Mr. Golan and Mr. Chaitchik disclaim beneficial ownership of the securities held by the issuer's sponsor other than to the extent of their direct or indirect pecuniary interest in such securities.