Finnovate Acquisition Corp Announces Business Combination With Scage International Limited; Newly Formed Holding Company Pubco Listed On Nasdaq With Outstanding Securities Converted; Transaction Represents A Post-Combination Valuation Of $1B
Portfolio Pulse from Benzinga Newsdesk
Finnovate Acquisition Corp has announced a business combination with Scage International Limited. The newly formed holding company, Pubco, will be listed on Nasdaq with all outstanding securities converted. The transaction represents a post-combination valuation of $1B.
August 21, 2023 | 1:23 pm
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Finnovate Acquisition Corp's merger with Scage International Limited could potentially increase the value of FNVT's shares due to the post-combination valuation of $1B.
The merger of Finnovate Acquisition Corp with Scage International Limited and the subsequent listing of the new holding company, Pubco, on Nasdaq could potentially increase the value of FNVT's shares. This is due to the post-combination valuation of $1B, which could attract more investors to FNVT, thereby driving up its share price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100