Finnovate Acquisition Corp.
FNVTU
NASDAQ Global Market11.71
USD
+0.30
- -
CIK
0001857855
ISIN
KYG3R34K1292
CUSIP
G3R34K129
Return %
Stock
S&P500
1Y
447.20
18.21
3Y
12.16
64.38
5Y
16.17
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Calvin Kung
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- The White House George Town Cayman Islands KY1 1208
- IPO Date
- Nov 4, 2021
- CIK
- 0001857855
- Website
- finnovateacquisition.com
- Similar Companies
- Business
- Finnovate Acquisition Corp. (NASDAQ: FNVTU) operates as a special purpose acquisition company focused on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses, with a particular emphasis on Israel-related fintech companies including those in payments, insuretech, wealthtech, regtech, digital banking, fintech-as-a-service, banking-as-a-service, cybersecurity for financial institutions, blockchain and cryptocurrency, algorithmic trading and exchanges, and lending and credit platforms; the company provides no current operational products or services beyond its SPAC structure for capital formation through public offerings, deal sourcing and due diligence, and post-acquisition integration. Incorporated in 2021 and headquartered in George Town, Cayman Islands, Finnovate targets financial technology firms domiciled in Israel or with significant Israeli connections, primarily serving investors seeking exposure to innovative fintech sectors in emerging markets. In June 2025, Finnovate completed its initial business combination with Scage International Limited, a provider of zero-emission new energy heavy-duty commercial vehicles and e-fuel solutions, through a multi-step merger process forming Scage Future as the new PubCo parent entity listed on Nasdaq under new tickers, following shareholder approval on March 28, 2025, Chinese CSRC approval in March 2025, multiple special meeting postponements from early 2025 to address closing conditions including Nasdaq listing, and prior extensions of its combination deadline to May 2025; this $800 million deal marks a strategic shift from fintech to the automotive and clean energy sectors in Asia, with Scage International and Finnovate now as wholly owned subsidiaries of PubCo, enabling expansion plans in production capacity, hydrogen infrastructure, and markets across China, Southeast Asia, the Middle East, and potentially North America.