Finnovate Acquisition Corp. Announces Closing of $22,500,000 Over-Allotment Option in Connection with its Initial Public Offering
Finnovate Acquisition Corp. Announces Closing of $22,500,000 Over-Allotment Option in Connection with its Initial Public Offering
NEW YORK, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Finnovate Acquisition Corp. (Nasdaq: FNVTU) (the "Company") today announced that it has completed the sale of an additional 2,250,000 units pursuant to the underwriters' over-allotment option in connection with the Company's initial public offering, generating an additional $22,500,000 of gross proceeds for the Company. In total, 17,250,000 units were sold in the offering, including the 2,250,000 units subject to the over-allotment option, at an offering price of $10.00 per unit, generating total gross proceeds to the Company of $172,500,000.
环球通讯社纽约11月12日电纳斯达克代码：Fnevate Acquisition Corp.(以下简称“本公司”)今天宣布，根据承销商与公司首次公开募股(IPO)相关的超额配售选择权，它已经完成了额外225万股的出售，为公司带来额外2250万美元的毛收入。本次发售共售出17,250,000个单位，包括受超额配售选择权约束的2,250,000个单位，发行价为每单位10.00美元，为公司带来的毛收入总额为172,500,000美元。
Each unit consists of one share of the Company's Class A ordinary shares and three-quarters of one redeemable warrant. Each whole warrant is exercisable for one Class A ordinary share at an exercise price of $11.50 per share.
每个单位由一股公司A类普通股和四分之三的可赎回认股权证组成。每份完整的认股权证可行使一股A类普通股，行使价为每股11.50美元。
The units are listed on the Nasdaq Global Market ("Nasdaq") under the symbol "FNVTU." Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "FNVT" and "FNVTW," respectively.
这些单位在纳斯达克全球市场(“纳斯达克”)上市，代码为“FNVTU”。一旦组成这两个单位的证券开始独立交易，A类普通股和权证预计将分别以“FNVT”和“FNVTW”的代码在纳斯达克上市。
The Company is a blank check company formed for the purpose of acquiring or merging with one or more operating businesses. The Company is managed by Prof. David Gershon (former founder and CEO of SuperDerivatives), who serves as Chairman and CEO, Ron Golan (former head of investment banking and capital markets at Morgan Stanley for Israel & CEE), who serves as Director and CFO, and Jonathan Ophir (Former Head of Credit Division, at Altshuler Shaham), who serves as CIO. Uri Chaitchik serves as a senior consultant to the Company.
本公司是为收购或合并一项或多项经营性业务而成立的空白支票公司。公司由曾任董事长兼首席执行官的David Gershon教授、现任董事兼首席财务官的摩根士丹利以色列和中东欧投资银行和资本市场主管Ron Golan教授以及现任首席信息官的Jonathan Ophir教授(前Altshuler Shaham信贷部主管)管理。乌里·柴奇克(Uri Chaitchik)是该公司的高级顾问。
EarlyBirdCapital, Inc. acted as sole book-running manager for the offering and Ingalls & Snyder LLC acted as co-manager for the offering.
EarlyBirdCapital，Inc.担任此次发行的唯一簿记管理人，Ingalls&Snyder LLC担任此次发行的联席管理人。
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on November 3, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
美国证券交易委员会(Securities And Exchange Commission)于2021年11月3日宣布，与这些单位和相关证券有关的注册声明生效。本新闻稿不应构成出售或邀请购买这些证券的要约，也不应在任何州或司法管辖区出售这些证券，在这些州或司法管辖区，根据任何州或司法管辖区的证券法，在注册或资格登记或资格之前，此类要约、招揽或出售将是非法的。
This press release contains statements that constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
本新闻稿包含构成“前瞻性陈述”的陈述。前瞻性陈述受许多条件的制约，其中许多条件不是该公司所能控制的，包括该公司向证券交易委员会提交的注册声明和招股说明书中的风险因素部分阐述的那些条件。除非法律另有要求，否则本公司不承担在本新闻稿发布之日后更新这些声明以进行修订或更改的义务。
Contact information
Finnovate Acquisition Corp.
Ron Golan, Chief Financial Officer
ron@finnovateacquisition.com
联系信息创新收购公司(FInnoate Acquisition Corp.)首席财务官罗恩·戈兰(Ron Golan)邮箱：ron@finnovatequisition.com
译文内容由第三方软件翻译。