Statement of Ownership (sc 13g)
August 17 2022 - 9:57AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. )*
Under the Securities Exchange Act of 1934
Finnovate
Acquisition Corp |
(Name
of Issuer) |
|
Class
A Ordinary Shares, par value $0.0001 per share |
(Titles
of Class of Securities) |
|
G3R34K103 |
(CUSIP
Number) |
|
August
11, 2022 |
(Date
of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
☐ |
Rule
13d-1(b) |
☒ |
Rule
13d-1(c) |
☐ |
Rule
13d-1(d) |
* The remainder of this cover page shall be filled
out of a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
CUSIP
No. G3R34K103 |
SCHEDULE
13G |
Page
2 of 10 |
1 |
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cantor Fitzgerald Securities |
|
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a)
☐
(b)
☐ |
3 |
SEC
USE ONLY |
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
New York |
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
970,268* |
7 |
SOLE DISPOSITIVE POWER
0 |
8 |
SHARED DISPOSITIVE POWER
970,268* |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
970,268* |
|
10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.58% |
|
12 |
TYPE OF REPORTING PERSON
PN |
|
|
|
|
|
|
FOOTNOTE:
* Consists of 970,268 shares of common stock.
CUSIP
No. G3R34K103 |
SCHEDULE
13G |
Page
3 of 10 |
1 |
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cantor Fitzgerald, L.P. |
|
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a)
☐
(b)
☐ |
3 |
SEC
USE ONLY |
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
970,268* |
7 |
SOLE DISPOSITIVE POWER
0 |
8 |
SHARED DISPOSITIVE POWER
970,268* |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
970,268* |
|
10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.58% |
|
12 |
TYPE OF REPORTING PERSON
PN |
|
FOOTNOTES:
* Consists of 970,268 shares of common stock.
CUSIP
No. G3R34K103 |
SCHEDULE
13G |
Page
4 of 10 |
1 |
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CF Group Management, Inc. |
|
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a)
☐
(b)
☐ |
3 |
SEC
USE ONLY |
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
New York |
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
970,268* |
7 |
SOLE DISPOSITIVE POWER
0 |
8 |
SHARED DISPOSITIVE POWER
970,268* |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
970,268* |
|
10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.58% |
|
12 |
TYPE OF REPORTING PERSON
CO |
|
FOOTNOTES:
* Consists of 970,268 shares of common stock.
CUSIP
No. G3R34K103 |
SCHEDULE
13G |
Page
5 of 10 |
1 |
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Howard W. Lutnick |
|
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a)
☐
(b)
☐ |
3 |
SEC
USE ONLY |
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH |
5 |
SOLE VOTING POWER
0 |
6 |
SHARED VOTING POWER
970,268* |
7 |
SOLE DISPOSITIVE POWER
0 |
8 |
SHARED DISPOSITIVE POWER
970,268* |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
970,268* |
|
10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
☐ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.58% |
|
12 |
TYPE OF REPORTING PERSON
IN |
|
FOOTNOTE:
* Consists of 970,268 shares of common stock.
CUSIP
No. G3R34K103 |
SCHEDULE
13G |
Page
6 of 10 |
Item 1(a). |
Name of
Issuer: |
|
|
|
Finnovate Acquisition
Corp |
|
|
Item 1(b). |
Address of Issuer’s
Principal Executive Offices: |
|
|
|
1007 N ORANGE ST. 10TH FLOOR
WILMINGTON, DELAWARE 19801 |
|
|
Item 2(a). |
Name of Person Filing: |
|
|
|
Cantor Fitzgerald Securities, Cantor Fitzgerald, L.P.,
CF Group Management, Inc. and Howard W. Lutnick (collectively, the “Reporting Persons”).
|
Item 2(b). |
Address of Principal
Business Office or, if none, Residence: |
|
|
|
110 East 59th Street
New York, New York 10022
|
Item 2(c). |
Citizenship: |
|
|
|
Cantor Fitzgerald Securities
is a general partnership formed in New York. Cantor Fitzgerald, L.P. is a Delaware limited partnership; CF Group Management, Inc.
is a New York corporation, and Mr. Lutnick is a citizen of the United States of America. |
|
|
Item 2(d). |
Titles of Classes of
Securities: |
|
|
|
Class A Ordinary Shares,
par value $0.0001 per share. |
|
|
Item 2(e). |
CUSIP Number: |
|
|
|
G3R34K103 |
Item
3. |
If This Statement is Filed Pursuant to Rule 13d-1(b),
or 13d-2(b) or (c),
Check Whether the Person Filing is a(n): |
|
(a) |
☐ |
Broker
or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o). |
|
(b) |
☐ |
Bank
as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c). |
|
(c) |
☐ |
Insurance
company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c). |
|
(d) |
☐ |
Investment
company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
|
(e) |
☐ |
Investment
adviser in accordance with §240.13d-1(b)(1)(ii)(E). |
|
(f) |
☐ |
Employee
benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). |
|
(g) |
☐ |
Parent
holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). |
|
(h) |
☐ |
Savings
association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). |
|
(i) |
☐ |
Church
plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3). |
|
(j) |
☐ |
Non-U.S.
institution, in accordance with § 240.13d-1(b)(1)(ii)(J). |
|
(k) |
☐ |
Group
in accordance with §240.13d-1(b)(1)(ii)(K). |
|
|
|
|
|
If
filing as a non-U.S. institution in accordance with §240. 13d-1(b)(1)(ii)(J), please specify the type of institution: __________ |
CUSIP
No. G3R34K103 |
SCHEDULE
13G |
Page
7 of 10 |
Item 4. |
Ownership |
|
The responses to Items 5-11 of the cover pages of this
Schedule 13G are incorporated herein by reference.
As of August 11, 2022, the Reporting
Persons may be deemed to beneficially own an aggregate of 970,268 Class A Ordinary Shares, par value $0.0001 per share (“Ordinary
Shares”) of Finnovate Acquisition Corp (the “Issuer”), representing 5.58% of the Issuer’s outstanding Common
Stock.
The percentage of the Common Stock
held by the Reporting Persons is based on 17,400,000 Ordinary Shares outstanding as of May 16, 2022 as reported in the Issuer’s
10-Q filed with the Securities and Exchange Commission on May 16, 2022.
Cantor Fitzgerald Securities ("CFS")
is the record holder of the securities reported herein.
CF Group Management, Inc. ("CFGM")
is the managing general partner of Cantor Fitzgerald, L.P. ("Cantor") and directly or indirectly controls the managing
general partner of CFS. Mr. Lutnick is Chairman and Chief Executive of CFGM and trustee of CFGM's sole stockholder. Cantor, indirectly,
holds a majority of the ownership interests of CFS. As such, each of Cantor, CFGM and Mr. Lutnick may be deemed to have beneficial
ownership of the securities directly held by CFS. Each such entity or person disclaims any beneficial ownership of the reported shares
other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
|
CUSIP
No. G3R34K103 |
SCHEDULE
13G |
Page
8 of 10 |
Item 5. |
Ownership
of Five Percent or Less of a Class. |
|
|
|
If this statement is being
filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following ☐. |
|
|
Item 6. |
Ownership of More than
Five Percent on Behalf of Another Person. |
|
|
|
Not Applicable. |
|
|
Item 7. |
Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the Parent Holding
Company. |
|
|
|
Not Applicable. |
|
|
Item 8. |
Identification and
Classification of Members of the Group. |
|
|
|
Not Applicable. |
|
|
Item 9. |
Notice of Dissolution
of Group. |
|
|
|
Not Applicable. |
|
|
Item 10. |
Certification. |
|
|
By
signing below the undersigned certifies that, to the best of his or its knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other
than activities solely in connection with a nomination under § 240.14a-11.
CUSIP
No. G3R34K103 |
SCHEDULE
13G |
Page
9 of 10 |
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: August 17, 2022
|
CANTOR FITZGERALD SECURITIES |
|
|
|
By: |
/s/
Howard W. Lutnick |
|
|
Name:
Howard W. Lutnick |
|
|
Title: Chief
Executive Officer |
|
CANTOR FITZGERALD, L.P. |
|
|
|
By: |
/s/ Howard W. Lutnick |
|
|
Name:
Howard W. Lutnick |
|
|
Title: Chief
Executive Officer |
|
CF GROUP MANAGEMENT, INC. |
|
|
|
By: |
/s/ Howard W. Lutnick |
|
|
Name:
Howard W. Lutnick |
|
|
Title: Chief
Executive Officer |
|
HOWARD W. LUTNICK |
|
|
|
By: |
/s/ Howard W. Lutnick |
|
|
Howard
W. Lutnick |
[Schedule 13G – Finnovate Acquisition Corp
– August 2022]
CUSIP
No. G3R34K103 |
SCHEDULE
13G |
Page
10 of 10 |
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