Finnovate Acquisition Corp's Shareholder Meeting Rescheduled
Finnovate Acquisition Corp's Shareholder Meeting Rescheduled
New York, NY -- Finnovate Acquisition Corp. (OTC: FNVUF, FNVTF, FNVWF) has shared news regarding its extraordinary general meeting of shareholders, originally set for January 30, 2025, then postponed to March 27, 2025. The meeting is now scheduled for 10:00 a.m., Eastern Time on March 28, 2025. This delay offers shareholders additional time to consider and vote on critical proposals related to the company’s proposed business combination with Scage International Limited.
Details of the Postponement
Finnovate is taking proactive steps to ensure clarity among its investor community. The meeting has been moved to accommodate the completion of necessary closing conditions under the Business Combination Agreement, particularly the approval for the listings on Nasdaq for Pubco’s securities. This decision was made following the recent approval received from the China Securities Regulatory Commission on March 13, which is a crucial milestone for the business combination.
Meeting Logistics
The rescheduled Special Meeting will be hosted at the office of Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, NY, 10105. Additionally, the meeting will be accessible via live webcast, ensuring that shareholders can participate from anywhere. The deadline for holders of Finnovate’s Class A ordinary shares to submit their shares for redemption in connection with the business combination has also been extended to March 26, 2025.
The Importance of the Approval
The ongoing developments highlight the strategic vision of Finnovate Acquisition Corp. to merge with Scage International, which promises to expand operational capabilities and enhance shareholder value. As the business combination progresses, approval from various regulatory bodies such as the CSRC is fundamental in meeting the expectations set forth during the announcement of the merger.
Understanding the Business Combination
At the heart of this Special Meeting are vital propositions including the merger with Scage International and related entities. Shareholders are encouraged to engage actively with the provided materials and ensure they stay informed about potential shareholder meetings. The nature of these transactions could significantly influence the future trajectory of Finnovate and its associated businesses.
About Finnovate Acquisition Corp.
Finnovate Acquisition Corp. operates as a blank check company established in the Cayman Islands. Its primary objective is to identify and acquire businesses and assets through various avenues such as mergers and capital stock exchanges. Each endeavor is driven by the pursuit of innovation and value creation for shareholders at every level.
Frequently Asked Questions
What is the new date for Finnovate’s shareholder meeting?
The rescheduled date for Finnovate’s shareholder meeting is now March 28, 2025, at 10:00 a.m. Eastern Time.
Where will the meeting be held?
The meeting will take place at Ellenoff Grossman & Schole LLP in New York and will also be accessible via live webcast.
What is the purpose of the shareholder meeting?
The meeting primarily aims to discuss and vote on the proposed business combination with Scage International and related entities.
How can shareholders submit their shares for redemption?
Shareholders may submit their Class A ordinary shares for redemption until 5:00 p.m. Eastern Time on March 26, 2025.
Who should shareholders contact for more information?
For further details, shareholders can reach out to Finnovate’s investor relations contact, Calvin Kung, at the Boston office.
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