Finnovate Sponsor L.P. 4
4 · Finnovate Acquisition Corp. · Filed Jan 8, 2025
Insider Transaction Report
Form 4
Finnovate Sponsor L.P.
10% Owner
Transactions
- Other
Class A Ordinary Shares, par value $0.0001 per share
2025-01-03−4,237,499→ 0 total - Other
Class B Ordinary Share, par value $0.0001 per share
2025-01-03+1→ 1 total(indirect: See footnote)→ Class A Ordinary Share (1 underlying)
Footnotes (2)
- [F1]Represents pro rata distribution by Finnovate Sponsor, LP (the "Sponsor") to its partners (the "Sponsor Distribution"). In the Sponsor Distribution, the Sponsor distributed an aggregate of 4,237,499 Class A ordinary shares and 8,243,038 warrants to its constituents. No consideration was paid in connection with the transaction reported herein.
- [F2]One Class B ordinary share is held of record by Sunorange Limited, which received such share in the Sponsor Distribution. Sunorange Limited is the general partner of the Sponsor, which still beneficially owns such Class B Ordinary Share. The Class B ordinary share is convertible into Class A ordinary share on a one-for-one basis, subject to certain adjustment, automatically upon the Issuer's initial business combination, or earlier at the election of the holder, and has no expiration date.