Finnovate Acquisition Corp. Balance Sheet

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Balance Sheets

In millions of USD, except per-share amounts

	Q1 FY2025 As of Mar 31, 2025	Q4 FY2024 As of Dec 31, 2024	Q3 FY2024 As of Sep 30, 2024	Q2 FY2024 As of Jun 30, 2024	Q1 FY2024 As of Mar 31, 2024	Q4 FY2023 As of Dec 31, 2023	Q3 FY2023 As of Sep 30, 2023	Q2 FY2023 As of Jun 30, 2023	Q1 FY2023 As of Mar 31, 2023	Q4 FY2022 As of Dec 31, 2022	Q3 FY2022 As of Sep 30, 2022	Q2 FY2022 As of Jun 30, 2022	Q1 FY2022 As of Mar 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q3 FY2021 As of Sep 30, 2021
Assets
Deferred offering costs
Current Assets
Prepaid expenses and other
Cash
Prepaid expenses
Total Current Assets

Investments held in Trust Account
Other assets
Prepaid expenses – non-current
Total Assets

Liabilities, Redeemable Ordinary Shares and Shareholders’ Deficit
Current liabilities
Accrued expenses
Accrued offering costs
Due to related party
Extension note payable
Promissory Note payable
Accounts payable and accrued expenses
Promissory note – related party
Working Capital Loan – related party
Promissory Note payable – third party
Promissory Note payable – related party
Due to a related party
Related Party
Total due to a related party

Total Liabilities
Working capital loan – related party
Working capital loan - related party
Total Liabilities

Class A Ordinary Shares subject to possible redemption, 865,292 and 865,292 shares at redemption value of $12.04 and $11.80 at March 31, 2025 and December 31, 2024, respectively
Class A Ordinary Shares
Total class A Ordinary Shares subject to possible redemption, 865,292 and 865,292 shares at redemption value of $12.04 and $11.80 at March 31, 2025 and December 31, 2024, respectively
Shareholders’ Deficit
Ordinary Shares
Class A Ordinary Shares
Class B Ordinary Shares
Accumulated deficit
Total Shareholders’ Deficit
Total Liabilities, Redeemable Ordinary Shares and Shareholders’ Deficit

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