Event-Driven Stocks

Finnovate Acquisition Corp.

FNVTF, FNVUF, FNVWF

Financials · Blank Checks · E9 · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 1 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY24FY23FY22FY21
Revenue————
Operating income−$1.6M−$2.0M−$1.5M−$190,972
Net income−$215,486$2.5M$1.1M−$639,546
Total assets$10.2M$51.2M$179.1M$177.6M
Total liabilities——$1.0M$668,396
Equity−$5.1M−$2.8M−$455,349$1.0M
EPS (diluted)————
Shares out.————

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2024
Operating margin
—
Net margin
—
Return on equity
4.2%
Return on assets
−2.1%
Return on capital (ROCE)
−31.7%
Liabilities / assets
—
Debt / equity
—
Book value / share
—
Revenue growth (YoY)
—
Net income growth (YoY)
−108.6%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2024
Accruals / assets
6.5%moderate
Piotroski F-Score
0/5weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
20
/ 100
Profitability 33Growth 0Catalyst 33Earnings quality 33Financial strength 0

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 2 severe● 1 warning● 0 good
  • Negative shareholder equity
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Negative operating cash flow

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Insider transactions

SEC Form 4 · most recent
5 acquisitions2 disposalsnet −4.5M shares · last 7
InsiderDateTypeSharesPrice
Kung CalvinOfficer — Chief Executive OfficerJan 3, 2025J25,000$0.00
Li Tiemei SarahDirectorJan 3, 2025J10,000$0.00
Wong Wang ChiuOfficer — Chief Financial OfficerJan 3, 2025J15,000$0.00
Finnovate Sponsor L.P.10% ownerJan 3, 2025J4.2M$0.00
Prasad SanjayDirectorJan 3, 2025J10,000$0.00
Hao Chun YiDirectorJan 3, 2025J10,000$0.00
Meitav Investment House Ltd10% ownerMay 19, 2023Sell325,000$10.55

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)