SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
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.

(Last) (First) (Middle)
C/O FINNOVATE ACQUISITION CORP.
THE WHITE HOUSE 20 GENESIS CLOSE

(Street)
GRAND CAYMAN E9 KY1 1208

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/08/2023
3. Issuer Name and Ticker or Trading Symbol
Finnovate Acquisition Corp. [ FNVT ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
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
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Share 4,237,499(1)(3) I See footnote(1)(3)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Ordinary Share (2) (2) Class A Ordinary Share 1(2)(3) (2) I See footnote(2)(3)
1. Name and Address of Reporting Person*
Finnovate Sponsor L.P.

(Last) (First) (Middle)
C/O FINNOVATE ACQUISITION CORP.
THE WHITE HOUSE 20 GENESIS CLOSE

(Street)
GRAND CAYMAN E9 KY1 1208

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Sunorange Ltd.

(Last) (First) (Middle)
C/O FINNOVATE ACQUISITION CORP.
THE WHITE HOUSE 20 GENESIS CLOSE

(Street)
GRAND CAYMAN E9 KY1 1208

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
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.
Sunorange Limited, By: /s/ Calvin Kung, Director 06/08/2023
Finnovate Sponsor L.P., By: Its General Partner, Sunorange Limited, By: /s/ Calvin Kung, Director 06/08/2023
** Signature of Reporting Person Date
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 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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