Finnovate Acquisition Corp. announced private placement of $1,200,000 on June 2, 2023. The company will issue promissory notes in the transaction. The transaction included participation from new investor Sunorange Limited. The company may raise funding in twelve equal amounts of $100,000. The notes bears no interest. This Note is being made in connection with Maker extending its termination date of May 8, 2023 for an additional twelve months to May 8, 2024.


On the same date, the company raised $300,000 in first tranche.