Sec Form 3/A Filing - Finnovate Sponsor L.P. @ Finnovate Acquisition Corp. - 2023-05-08

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FORM 3/A
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Finnovate Sponsor L.P.
2. Issuer Name and Ticker or Trading Symbol
Finnovate Acquisition Corp. [ FNVT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O FINNOVATE ACQUISITION CORP., THE WHITE HOUSE 20 GENESIS CLOSE
3. Date of Earliest Transaction (MM/DD/YY)
05/08/2023
(Street)
GRAND CAYMAN, E9KY1 1208
4. If Amendment, Date Original Filed (MM/DD/YY)
11/03/2021
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Ordinary Share 4,237,499 ( 1 ) ( 3 ) I See footnote ( 1 ) ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Ordinary Share ( 2 ) ( 2 ) ( 2 ) Class A Ordinary Share 1 ( 2 ) ( 3 ) I See footnote ( 2 ) ( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Finnovate Sponsor L.P.
C/O FINNOVATE ACQUISITION CORP.
THE WHITE HOUSE 20 GENESIS CLOSE
GRAND CAYMAN, E9KY1 1208
X
Sunorange Ltd.
C/O FINNOVATE ACQUISITION CORP.
THE WHITE HOUSE 20 GENESIS CLOSE
GRAND CAYMAN, E9KY1 1208
X
Signatures
Sunorange Limited, By: /s/ Calvin Kung, Director 06/08/2023
Signature of Reporting Person Date
Finnovate Sponsor L.P., By: Its General Partner, Sunorange Limited, By: /s/ Calvin Kung, Director 06/08/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares represent the Class A ordinary shares held by Finnovate Sponsor, LP (the "Sponsor"). The Sponsor acquired these shares pursuant to a subscription agreement dated March 21, 2021 by and between the Sponsor and the Issuer. Such shares were converted from Class B ordinary shares to Class A ordinary shares.
( 2 )The Class B ordinary share is convertible into Class A ordinary share on a one-for-one basis, subject to certain adjustment, automatically upon the Issuer's initial business combination, or earlier at the election of the holder, and has no expiration date.
( 3 )The Ordinary Shares reported herein are held by the Sponsor. Sunorange Limited ("Sunorange") is the general partner of the Sponsor pursuant to that certain investment agreement dated April 27, 2023, by and among the Issuer, the Sponsor and Sunorange. Messrs. Calvin Kung and Wang Chiu Wong serve as directors of Sunorange. The Reporting Persons have voting and investment discretion with respect to the securities held by the Sponsor. As such, the Reporting Persons may be deemed to share beneficial ownership of the Ordinary Shares held directly by the Sponsor. The Reporting Persons disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Remarks:
This amendment to the Form 3 is being filed solely to add Sunorange as a Reporting Person and to disclose the Investment Agreement and the conversion of Class B ordinary shares to Class A ordinary shares.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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