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.
環球通訊社紐約11月12日電納斯達克代碼：Fnevate Acquisition Corp.(以下簡稱“本公司”)今天宣佈，根據承銷商與公司首次公開募股(IPO)相關的超額配售選擇權，它已經完成了額外225萬股的出售，為公司帶來額外2250萬美元的毛收入。本次發售共售出17,250,000個單位，包括受超額配售選擇權約束的2,250,000個單位，發行價為每單位10.00美元，為公司帶來的毛收入總額為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.
每個單位由一股公司A類普通股和四分之三的可贖回認股權證組成。每份完整的認股權證可行使一股A類普通股，行使價為每股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.
這些單位在納斯達克全球市場(“納斯達克”)上市，代碼為“FNVTU”。一旦組成這兩個單位的證券開始獨立交易，A類普通股和權證預計將分別以“FNVT”和“FNVTW”的代碼在納斯達克上市。
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.
本公司是為收購或合併一項或多項經營性業務而成立的空白支票公司。公司由曾任董事長兼首席執行官的David Gershon教授、現任董事兼首席財務官的摩根士丹利以色列和中東歐投資銀行和資本市場主管Ron Golan教授以及現任首席信息官的Jonathan Ophir教授(前Altshuler Shaham信貸部主管)管理。烏裏·柴奇克(Uri Chaitchik)是該公司的高級顧問。
EarlyBirdCapital, Inc. acted as sole book-running manager for the offering and Ingalls & Snyder LLC acted as co-manager for the offering.
EarlyBirdCapital，Inc.擔任此次發行的唯一簿記管理人，Ingalls&Snyder LLC擔任此次發行的聯席管理人。
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.
美國證券交易委員會(Securities And Exchange Commission)於2021年11月3日宣佈，與這些單位和相關證券有關的註冊聲明生效。本新聞稿不應構成出售或邀請購買這些證券的要約，也不應在任何州或司法管轄區出售這些證券，在這些州或司法管轄區，根據任何州或司法管轄區的證券法，在註冊或資格登記或資格之前，此類要約、招攬或出售將是非法的。
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.
本新聞稿包含構成“前瞻性陳述”的陳述。前瞻性陳述受許多條件的制約，其中許多條件不是該公司所能控制的，包括該公司向證券交易委員會提交的註冊聲明和招股説明書中的風險因素部分闡述的那些條件。除非法律另有要求，否則本公司不承擔在本新聞稿發佈之日後更新這些聲明以進行修訂或更改的義務。
Contact information
Finnovate Acquisition Corp.
Ron Golan, Chief Financial Officer
ron@finnovateacquisition.com
聯繫信息創新收購公司(FInnoate Acquisition Corp.)首席財務官羅恩·戈蘭(Ron Golan)郵箱：ron@finnovatequisition.com
譯文內容由第三人軟體翻譯。