Finnovate Acquisition Corp. Faces Nasdaq Delisting Due to Failure to Meet Listing Requirements
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Finnovate Acquisition Corp. is facing delisting from the Nasdaq due to failure to meet listing requirements. Nasdaq notified the company on April 28, 2025, with the delisting announcement scheduled for April 30, 2025. The company's securities have been suspended from trading since November 12, 2024, and are now trading on OTC Markets. The delisting is a result of not completing a required business combination by the deadline. Finnovate is collaborating with Scage Future to meet closing conditions for a merger and has applied for a Nasdaq listing for Pubco.
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