Cover - USD ($) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2024 |
Jun. 05, 2025 |
Jun. 30, 2024 |
|
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2024 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2024 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 001-41012 | ||
Entity Registrant Name | Finnovate Acquisition Corp. | ||
Entity Central Index Key | 0001857855 | ||
Entity Tax Identification Number | 00-0000000 | ||
Entity Incorporation, State or Country Code | E9 | ||
Entity Address, Address Line One | 265 Franklin Street | ||
Entity Address, Address Line Two | Suite 1702 | ||
Entity Address, City or Town | Boston | ||
Entity Address, State or Province | MA | ||
Entity Address, Postal Zip Code | 02110 | ||
City Area Code | +1 424 | ||
Local Phone Number | 253-0908 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | true | ||
Elected Not To Use the Extended Transition Period | false | ||
Entity Shell Company | true | ||
Entity Public Float | $ 9,812,411 | ||
Document Financial Statement Error Correction [Flag] | false | ||
Auditor Firm ID | 688 | ||
Auditor Opinion [Text Block] | We have audited, before the effects of the retrospective adjustments to the disclosures for the adoption of ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”) discussed in Notes 2 and 9 to the consolidated financial statements, the accompanying balance sheet of Finnovate Acquisition Corp. (the “Company”) as of December 31, 2023, the related statements of operations, changes in shareholders’ deficit, and cash flows for the year ended December 31, 2023, and the related notes (collectively referred to as the “financial statements”) (the 2023 financial statements before the effects of the adjustments discussed in Notes 2 and 9 to the financial statements are not presented herein). In our opinion, the 2023 financial statements, before the effects of the retrospective adjustments to the disclosures for the adoption of ASU 2023-07 discussed in Notes 2 and 9 to the financial statements, present fairly, in all material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America. We were not engaged to audit, review, or apply any procedures to the retrospective adjustments to the disclosures for the adoption of ASU 2023-07 discussed in Notes 2 and 9 to the financial statements, and accordingly, we do not express an opinion or any form of assurance about whether such adjustments are appropriate and have been properly applied. Those adjustments were audited by HTL International, LLC. | ||
Auditor Name | Marcum LLP | ||
Auditor Location | Houston, TX | ||
Class A Ordinary Shares, par value $0.0001 per share [Member] | |||
Title of 12(b) Security | Class A Ordinary Shares, par value $0.0001 per share | ||
Trading Symbol | FNVT | ||
Security Exchange Name | NASDAQ | ||
Redeemable warrants, each warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 [Member] | |||
Title of 12(b) Security | Redeemable warrants, each warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 | ||
Trading Symbol | FNVTW | ||
Security Exchange Name | NASDAQ | ||
Units, each consisting of one Class A Ordinary Share and three-quarters of a redeemable warrant [Member] | |||
Title of 12(b) Security | Units, each consisting of one Class A Ordinary Share and three-quarters of a redeemable warrant | ||
Trading Symbol | FNVTU | ||
Security Exchange Name | NASDAQ | ||
Common Class A [Member] | |||
Entity Common Stock, Shares Outstanding | 4,584,957 | ||
Entity Listing, Par Value Per Share | $ 0.0001 | ||
Common Class B [Member] | |||
Entity Common Stock, Shares Outstanding | 1 | ||
Entity Listing, Par Value Per Share | $ 0.0001 |