Finnovate (NASDAQ:FNVTU) Acquisition Trading Down 1%

Finnovate Acquisition Corp. share price (NASDAQ:FNVTU – Get Free Report) fell 1% on Monday. The stock has been trading as low as $11.11 and last traded at $11.11. About 100 shares were traded during midday trading, down 95% from average daily volume of 2,214 shares. Shares previously closed at $11.22.

Shares of the company acquired by Finnovate fell 1.0%

The company’s fifty-day moving average is $11.30 and its two-hundred-day moving average is $11.11.

Finnovate acquiring company profile

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Finnovate Acquisition Corp. does not conduct any significant activity. The Company focuses on conducting mergers, share exchanges, asset acquisitions, share purchases, recapitalizations, reorganizations or other similar business combinations with one or more enterprises or entities. Intends to focus on acquisitions of companies related to Israel, including companies dealing with payments, insuretech, richtech, regtech, digital banking, fintech as a service, banking as a service, cyber area for financial institutions, blockchain and cryptocurrencies, algo-trading platforms and stock exchanges and lending platforms and lines of credit.

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