FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 11/03/2021 |
3. Issuer Name and Ticker or Trading Symbol
Finnovate Acquisition Corp. [ FNVT ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Class B ordinary shares(1) | (1) | (1) | Class A ordinary shares | 4,237,500(2) | (1) | D |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. The Class B ordinary shares, $0.0001 par value each, will automatically convert into Class A ordinary shares on the first business day following the issuer's initial business combination on a one-for-one basis, subject to certain adjustment, and have no expiration date. Includes 562,500 Class B ordinary shares that are subject to forfeiture depending on the extent to which the underwriters' over-allotment option in the issuer's initial public offering is not exercised in full. |
2. The Class B ordinary shares reported herein are held of record by the issuer's sponsor, Finnovate Sponsor L.P., a Delaware limited partnership. Finnovate Sponsor LLC, a Delaware limited liability company that is wholly-owned by Mr. David Gershon, Mr. Ron Golan and Mr. Uri Chaitchik, serves as the sole general partner of the issuer's sponsor. Mr. Gershon, Mr. Golan and Mr. Chaitchik, who serve as the issuer's chief executive officer, chief financial officer and senior consultant, respectively, serve as the directors of the general partner, and make all investment and voting decisions by majority vote. The limited partnership interests of the issuer's sponsor are held by various individuals and entities. Mr. Gershon, Mr. Golan and Mr. Chaitchik disclaim beneficial ownership of the securities held by the issuer's sponsor other than to the extent of their direct or indirect pecuniary interest in such securities. |
Finnovate Sponsor L.P., By: Its General Partner, Finnovate Sponsor LLC, By: /s/ Ron Golan, Director | 11/03/2021 | |
Finnovate Sponsor LLC, By: /s/ Ron Golan, Director | 11/03/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |