Finnovate Acquisition completed the sale of an additional 2.25 million units issued to the underwriters through their over-allotment option. In total, 17.25 million units were sold in the offering, generating $172.5 million.
Units list on the Nasdaq under FNVTU. After the securities begin separate trading, shares and warrants are expected to list under FNVT and FNVTW.
The new SPAC will focus on companies that provide technological services to the financial services industry and are domiciled in Israel, carry out all or a substantial portion of their activities in Israel, or that have some other significant Israeli connection. Read more.
