Finnovate Acquisition Corp. Class A (FNVT) has released an update to notify the public and investors about an entry into a material definitive agreement.
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Finnovate Acquisition Corp. issued an unsecured promissory note for up to $1,500,000 to Scage International Limited on January 26, 2024, for working capital purposes. This note aligns with the terms of a Business Combination Agreement from August 21, 2023, and will mature at the earliest of the company’s initial business combination or liquidation, with no interest accruing.
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For a comprehensive understanding of the announcement, you can read the full document here.
