Wang Chiu Wong - 03 Jan 2025 Form 4 Insider Report for Finnovate Acquisition Corp. (FNVTF)

Role
Chief Financial Officer, Director
Signature
/s/ Wang Chiu Wong
Issuer symbol
FNVTF
Transactions as of
03 Jan 2025
Net transactions value
$0
Form type
4
Filing time
08 Jan 2025, 16:30:34 UTC
Previous filing
24 Aug 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 Share, par value $0.0001 per share Other $0 +15,000 $0.000000 15,000 03 Jan 2025 Direct F1, F2
transaction FNVTF Class A Ordinary Share, par value $0.0001 per share Other $0 +211,153 $0.000000 211,153 03 Jan 2025 See footnote F1, F2

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, F3
* 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"). No consideration was paid in connection with the transaction reported herein.
F2 Represents (i) 15,000 Class A Ordinary Shares distributed to Wong Wang Chiu in his personal capacity and (ii) 211,153 Class A Ordinary Shares distributed to Sun Tone Limited in the Sponsor Distribution. Does not include 464, 964 warrants distributed to Sun Tone Limited in the Sponsor Distribution, which are not currently exercisable. Mr. Wong is the sole owner and director of Sun Tone Limited.
F3 The Class B ordinary share is held of record by Sunorange Limited, which received such share in the Sponsor Distribution. Wang Chiu Wong serves as the sole directors of Sunorange Limited. 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.