Finnovate Sponsor L.P. - 03 Jan 2025 Form 4 Insider Report for Finnovate Acquisition Corp. (FNVTF)

Role: 10%+ Owner
Signature: Finnovate Sponsor L.P., By: Its General Partner, Sunorange Limited, By: /s/ Calvin Kung, Director
Issuer symbol: FNVTF
Transactions as of: 03 Jan 2025
Net transactions value: $0
Form type: 4
Filing time: 08 Jan 2025, 16:30:33 UTC
Previous filing: 08 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FNVTF	Class A Ordinary Shares, par value $0.0001 per share	Other	$0	-4,237,499	-100%	$0.000000	0	03 Jan 2025	Direct	F1

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
transaction	FNVTF	Class B Ordinary Share, par value $0.0001 per share	Other		+1			1	03 Jan 2025	Class A Ordinary Share	1		See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents pro rata distribution by Finnovate Sponsor, LP (the "Sponsor") to its partners (the "Sponsor Distribution"). In the Sponsor Distribution, the Sponsor distributed an aggregate of 4,237,499 Class A ordinary shares and 8,243,038 warrants to its constituents. No consideration was paid in connection with the transaction reported herein.
F2	One Class B ordinary share is held of record by Sunorange Limited, which received such share in the Sponsor Distribution. Sunorange Limited is the general partner of the Sponsor, which still beneficially owns such Class B Ordinary Share. The Class B ordinary share is convertible into Class A ordinary share on a one-for-one basis, subject to certain adjustment, automatically upon the Issuer's initial business combination, or earlier at the election of the holder, and has no expiration date.

Content

Represents pro rata distribution by Finnovate Sponsor, LP (the "Sponsor") to its partners (the "Sponsor Distribution"). In the Sponsor Distribution, the Sponsor distributed an aggregate of 4,237,499 Class A ordinary shares and 8,243,038 warrants to its constituents. No consideration was paid in connection with the transaction reported herein.

One Class B ordinary share is held of record by Sunorange Limited, which received such share in the Sponsor Distribution. Sunorange Limited is the general partner of the Sponsor, which still beneficially owns such Class B Ordinary Share. The Class B ordinary share is convertible into Class A ordinary share on a one-for-one basis, subject to certain adjustment, automatically upon the Issuer's initial business combination, or earlier at the election of the holder, and has no expiration date.