SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Kung Calvin (Last) (First) (Middle) THE WHITE HOUSE 20 GENESIS CLOSE (Street) GEORGE TOWN E9 KY1 1208 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/08/2023	3. Issuer Name and Ticker or Trading Symbol Finnovate Acquisition Corp. [ FNVT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) Chief Executive Officer	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Share	4,237,499(1)(3)	I	See footnote(1)(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Ordinary Share	(2)	(2)	Class A Ordinary Share	1(2)(3)	(2)	I	See footnote(2)(3)

Explanation of Responses:

1. These shares represent the Class A ordinary shares held by Finnovate Sponsor, LP (the "Sponsor"). The Sponsor acquired these shares pursuant to a subscription agreement dated March 21, 2021 by and between the Sponsor and the Issuer. Such shares were converted from Class B ordinary shares to Class A ordinary shares.

2. The Class B ordinary share is convertible into Class A ordinary share on a one-for-one basis, subject to certain adjustment, automatically upon the Issuer's initial business combination, or earlier at the election of the holder, and has no expiration date.

3. The Reporting Person is Chief Executive Officer and Director of the Issuer, and is one of two directors of Sunorange Limited ("Sunorange"). Sunorange became the general partner of the Sponsor pursuant to that certain investment agreement dated April 27, 2023, by and among the Issuer, the Sponsor and Sunorange. The Reporting Person has voting and investment discretion with respect to the securities held by the Sponsor. As such, the Reporting Person may be deemed to share beneficial ownership of the Ordinary Shares held directly by the Sponsor. The Reporting Person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

	/s/ Calvin Kung	05/19/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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