Finnovate Acquisition Corp. Receives Nasdaq Deficiency Notice Due To Delayed Filing Of Form 10-Q
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Finnovate Acquisition Corp. has received a deficiency notice from Nasdaq due to a delay in filing its Form 10-Q. The company now has 60 days to submit a plan to regain compliance.
September 18, 2023 | 8:16 pm
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Finnovate Acquisition Corp. received a deficiency notice from Nasdaq due to delayed Form 10-Q filing, which may impact its stock price.
Receiving a deficiency notice from Nasdaq is a serious regulatory issue. It indicates that the company is not in compliance with Nasdaq's listing rules, which could lead to delisting if not rectified. This news could negatively impact investor sentiment and potentially lead to a decrease in FNVT's stock price in the short term.
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