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Finnovate Acquisition Priced, Nasdaq: FNVT

Blank check company targeting the fintech sector in Israel (pending: Scage Future).

Industry: SPAC

Latest Trade: $11.62 0.00 (0.0%)

First Day Return: +0.8%

Return from IPO: +16.2%

Industry: SPAC

We are a newly formed blank check company. While we may pursue a business combination target in any business or industry and across any geographical region, we intend to focus our search on fintech companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service (FAAS), banking as a service (BAAS), cyber area for financial institutions, blockchain and cryptocurrencies, algorithmic-trading and exchanges, lending and credit line platforms, that are domiciled in Israel, that carry out all or a substantial portion of their activities in Israel, or that have some other significant Israeli connection. Our officers consist of David Gershon, our Chairman of the Board and Chief Executive Officer, Ron Golan, our Chief Financial Officer and member of our board, Jonathan Ophir, our Chief Investment Officer, and Uri Chaitchik, our senior consultant, who together have more than 60 years of combined experience in the management of, and investment in, Israel-based technology companies.
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IPO Data
IPO File Date 10/15/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/03/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
EarlyBirdCapital
Ingalls & Snyder
Company Data
Headquarters Grand Cayman, Cayman Islands
Founded 2021
Employees at IPO 3

Finnovate Acquisition (FNVT) Performance