Finnovate Acquisition Corp. Class A (FNVT) has released an update to notify the public and investors about listing compliance status.
Finnovate Acquisition Corp. received a notice from Nasdaq for not meeting the requirement to hold an annual shareholder meeting within twelve months of its fiscal year end. While their listing status remains unchanged for now, the company has until March 7, 2024, to submit a compliance plan, with a potential extension until June 28, 2024, to meet the requirements. Failure to comply could lead to an appeal process and possible delisting.
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