Finnovate Acquisition Corp. has reported its financial results for the fiscal year ending December 31, 2024. The company recorded a net loss of $215,486 for the year. Since its inception on March 15, 2021, Finnovate Acquisition Corp. has not commenced operations, and its activities have primarily focused on its formation, Initial Public Offering on November 8, 2021, and the search for a target to complete an initial Business Combination. The company has not generated any operating revenues and does not anticipate doing so until after the completion of its initial Business Combination. In the interim, the company has generated non-operating income through interest from the proceeds of the Initial Public Offering, which are held in a Trust Account. As of the report's date, there have been no significant changes in the company's financial or trading position, nor any material adverse changes since December 31, 2024.