Welcome to our dedicated page for Finnovate Acquisition news (Ticker: FNVUF), a resource for investors and traders seeking the latest updates and insights on Finnovate Acquisition stock.
Finnovate Acquisition Corp. (OTC: FNVUF) is a Cayman Islands–incorporated blank check company that has issued a series of detailed press releases about its proposed initial business combination. The news flow around FNVUF focuses on the company’s efforts to complete a Business Combination with Scage International Limited, along with Scage Future (Pubco) and Pubco’s wholly owned subsidiaries Hero 1 and Hero 2, all Cayman Islands exempted companies, under a Business Combination Agreement.
Recent Finnovate announcements concentrate on the scheduling and rescheduling of its extraordinary general meeting of shareholders, referred to as the Special Meeting. In these updates, the company explains that the Special Meeting, initially set for January 30, 2025, has been postponed multiple times, with the meeting most recently moved to March 28, 2025 at 10:00 a.m. Eastern Time. Each postponement is described as providing additional time to satisfy closing conditions under the Business Combination Agreement.
News about FNVUF also highlights key regulatory milestones. Finnovate reports that Scage International received listing approval from the China Securities Regulatory Commission, a condition for consummating the Business Combination. The company further notes that remaining conditions include obtaining approval for the listing of Pubco’s securities on Nasdaq. These developments, along with changes to redemption deadlines for holders of Finnovate’s Class A ordinary shares and ongoing proxy solicitation efforts, are central themes in the company’s press releases.
Investors following FNVUF news can use this page to review Finnovate’s official communications about the Special Meeting, shareholder voting, regulatory approvals, and the status of the proposed Business Combination. The news feed aggregates these disclosures to help readers track how the transaction process and related shareholder actions evolve over time.
Finnovate Acquisition Corp. (OTC: FNVUF) has announced a further postponement of its extraordinary general meeting of shareholders to March 28, 2025, at 10:00 AM ET. The meeting was previously scheduled for January 30, 2025, and then March 27, 2025.
The Special Meeting aims to approve the proposed initial business combination with Scage International , involving Scage Future, Hero 1, and Hero 2. On March 13, 2025, Scage International received important approval from the China Securities Regulatory Commission (CSRC), meeting one of the key conditions for the business combination.
The deadline for Class A ordinary shareholders to submit shares for redemption has been extended to March 26, 2025, at 5:00 PM ET. The record date remains January 6, 2025, and the meeting location will be at Ellenoff Grossman & Schole LLP in New York, with a live webcast option available.
Finnovate Acquisition Corp. (OTC: FNVUF) has announced a further postponement of its extraordinary general meeting of shareholders from March 17, 2025, to March 27, 2025, at 10:00 AM Eastern Time. The meeting aims to approve the proposed initial business combination with Scage International .
The postponement is necessitated by additional time required for Scage International to obtain listing approvals from the China Securities Regulatory Commission (CSRC), a mandatory condition for the business combination. The meeting will be held at Ellenoff Grossman & Schole LLP's office in New York and via webcast.
Shareholders of record as of January 6, 2025, can submit their Class A ordinary shares for redemption until March 25, 2025, at 5:00 PM Eastern Time. The proposed resolutions remain unchanged from the original proxy statement.
Finnovate Acquisition Corp. (OTC: FNVUF) has announced a further postponement of its extraordinary general meeting of shareholders from February 27, 2025, to March 17, 2025 at 10:00 a.m. Eastern Time. The meeting is important for shareholders to vote on the proposed initial business combination with Scage International , Scage Future, and subsidiaries.
The postponement provides additional time for Scage International to obtain required listing approvals from the China Securities Regulatory Commission (CSRC), which is a condition for completing the Business Combination. The meeting location remains at Ellenoff Grossman & Schole LLP in New York, with a live webcast option available.
As a result of this change, the deadline for holders of Finnovate's Class A ordinary shares to submit their shares for redemption has been extended to March 13, 2025. The record date of January 6, 2025, and all proposed resolutions remain unchanged.
Finnovate Acquisition Corp. (OTC: FNVUF) has announced the postponement of its extraordinary general meeting of shareholders to February 27, 2025, at 10:00 AM ET. The meeting aims to approve the proposed initial business combination with Scage International .
The postponement is specifically to allow Scage International additional time to obtain required listing approvals from the China Securities Regulatory Commission (CSRC), which is a condition for completing the business combination. The meeting will be held via webcast at https://www.cstproxy.com/finnovateacquisition/2025.
The deadline for Class A ordinary shareholders to submit shares for redemption has been extended to February 25, 2025, at 5:00 PM ET. Only shareholders of record as of January 6, 2025, are eligible to vote at the meeting.
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