Mizuho Securities USA LLC Makes New $28.90 Million Investment in Finnovate Acquisition Corp. (NASDAQ:FNVT)

Mizuho Securities USA LLC bought a new position in Finnovate Acquisition Corp. (NASDAQ:FNVT - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 2,500,000 shares of the company's stock, valued at approximately $28,900,000. Mizuho Securities USA LLC owned approximately 37.26% of Finnovate Acquisition as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FNVT. Clear Street LLC bought a new stake in Finnovate Acquisition in the second quarter worth about $50,000. K2 Principal Fund L.P. purchased a new position in shares of Finnovate Acquisition in the 1st quarter worth about $2,248,000. Wolverine Asset Management LLC boosted its stake in Finnovate Acquisition by 22.4% in the second quarter. Wolverine Asset Management LLC now owns 210,762 shares of the company's stock worth $2,390,000 after buying an additional 38,509 shares in the last quarter. Finally, Berkley W R Corp boosted its stake in shares of Finnovate Acquisition by 63.6% in the 1st quarter. Berkley W R Corp now owns 667,767 shares of the company's stock valued at $7,512,000 after purchasing an additional 259,643 shares in the last quarter. Institutional investors own 45.92% of the company's stock.

Finnovate Acquisition Price Performance

FNVT remained flat at $11.62 on Friday. The company had a trading volume of 9,879 shares, compared to its average volume of 6,259. Finnovate Acquisition Corp. has a fifty-two week low of $10.98 and a fifty-two week high of $12.83. The stock's 50 day moving average price is $11.59 and its two-hundred day moving average price is $11.46.

Finnovate Acquisition Company Profile

Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on the acquisition of Israel-related companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service, banking as a service, cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms.