Finnovate Acquisition Corp. Alerts Investors: 2024 Annual Report Contains Unaudited Financials, Plans Amendment Following Audit Discrepancy
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Finnovate Acquisition Corp. has alerted investors about a regulatory issue with its 2024 Annual Report, which included unaudited financial statements for 2023. The former accounting firm, Marcum LLP, did not complete the necessary audit procedures, leading to the absence of an authorized audit report. The company plans to file an amended report to rectify this, including new certifications from its executive and financial officers. Discussions regarding these issues have taken place between the audit committee and Marcum.
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