| Benford Chart for FNVTU 10Q Filed 12/10/2024 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 391 Recent share count: 15,000,000 (1's column) ■ = Typical range across full coverage universe | ||||||||||||||||||||||||||||||||||||
| # of Numbers Found in Filing | |||
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On this page of Benford's Law Stocks.com we present our study of FINNOVATE ACQUISITION CORP. — ticker symbol FNVTU. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 5/20/2024 to 12/10/2024
for FINNOVATE ACQUISITION CORP. under CIK number 0001857855.
For filings made in XBRL (eXtensible
Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL
filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format
found for each filing is presented below together with the results for FNVTU, with the percentage of found numbers beginning with each digit
(1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as
well as the "normal" range for FINNOVATE ACQUISITION CORP. based on the past FNVTU filings our system processed in the past.
| Benford's Law Stocks Score for FNVTU = 63 | ||
Starting from a possible score of 100, we made the following score deductions: • We deducted point upon observing the 3's percentage was below the typical coverage universe range. • We deducted point upon observing the 3's percentage was below the company's typical historical range. • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier. • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range. • We deducted points upon observing the 5's percentage was above the typical coverage universe range. • We deducted point upon observing the 6's percentage was below the typical coverage universe range. • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier. • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction. • We deducted point upon observing the 9's percentage was below the typical coverage universe range. |
| FNVTU's Score Vs. Typical Stock | |||
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Check our work! We provide our FINNOVATE ACQUISITION CORP. Benford's Law analysis for informational purposes only, and our software should be expected to
make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating
the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the FNVTU filing
above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also
be helpful for exploring any columns in particular that caught your eye.
| 1's | 2's | 3's |
|---|---|---|
| We found 117 numbers that start with the digit 1. Here they are: 1 1,817,014 1,435,205 1,193,961 1,287,500 11.62 11.07 1 1,152,138 1,481,694 1,152,138 1,481,694 1,246,905 136 1,807 1,247,329 10,451,025 16 16 1 1 175,000 175,000 1 112,500 112,500 1 150,000 15 1,908,881 1,908,881 1,608,034 1,608,034 150,000 15 1,341,938 1 1,150,490 1,150,044 1 1,150,490 1,150,044 1 1,985,917 1,985,417 1 1,985,917 1,985,417 1,246,905 1,035 132,616,922 132,116,922 132,616,922 132,116,922 1,246,905 15,000,000 10.00 172,500,000 1.00 175,950,000 10.20 11.62 15 100,000 10.00 10.20 1,200,000 100,000 1,200,000 1.00 1,100,000 1,500,000 1,193,961 1,500,000 187,500 100,000 1,387,500 1,000,000,000 1,000,000,000 12,626,668 132,616,922 10.50 11.33 178,531,059 1,246,905 132,616,922 1,690,569 10,451,025 16 16 15,000,000 10.00 172,500,000 11.50 175,950,000 10.20 1.00 11.50 12.00 150,000 1,500,000 1.00 1,200,000 100,000 1,200,000 1.00 1,100,000 1,500,000 1,193,961 187,500 1,500,000 1.75 100,000 100,000 1,383,214 16.16 11.68 | We found 64 numbers that start with the digit 2. Here they are: 26,126,773 26,172,752 200,000 2,834,308 2,248,506 26,126,773 2,248,506 2,797,328 2,796,882 26,172,752 277,794 277,887 2,412,428 2,248,506 2,797,328 2,796,882 242,095 242,095 277,794 277,794 200,000 200,000 2,412,428 248,267 27,000 268,907 243,312 26,907,976 26,320,476 26,907,976 200,000 25,569,018 243,312 244,179 2,250,000 250,000 200,000 225,000 259,588 26,126,773 250,000 2,374,826 2,248,506 26,907,976 26,907,976 26,126,773 2,981 2,248,506 2,250,000 2,250,000 25,000 20 250,000 225,000 259,588 27,000 200,000 26,126,773 2,250,000 20 20,000 2,248,506 20 259,588 | We found 32 numbers that start with the digit 3. Here they are: 37 38,424 37,389 37,426 375,172 375,172 3,892,315 3,894,122 3,305,910 300,000 300,000 3,418,362 3,417,916 300,000 300,000 3,892,315 381,809 37 3,892,315 37,500 3,557,813 300,000 37 3,450,000 32,595 3,088 3,305,910 37,500 3,000 3,450,000 3,018,750 3,500,000 |
| 4's | 5's | 6's |
|---|---|---|
| We found 77 numbers that start with the digit 4. Here they are: 45,979 4,582,075 4,623,332 4,462,499 4,623,332 446 446 4,536,542 4,536,096 424 4,623,332 4,462,500 4,462,500 4,462,500 4,462,500 4,462,499 446 4,462,499 446 405,982 405,982 49,619 49,619 4,462,499 446 4,048,963 4,048,517 4,462,499 446 4,536,542 4,536,096 4,312,500 431 455,795 455,349 4,312,500 431 4,312,499 431 4,312,499 431 449,765 449,765 449,765 4,462,499 446 4,462,499 446 4,462,499 446 4,462,499 446 487,500 449,765 4,312,500 4,536,096 43,264.60 43,320 4,171,912 4,623,332 4,486,207 4,462,500 4,623,332 4,462,500 40,509 4,462,500 4,462,500 4,312,500 4,237,499 450,676 450,676 43,264.60 43,320 4,462,499 4,623,332 43,264.60 43,320 | We found 41 numbers that start with the digit 5. Here they are: 5,327,791 51,200,344 51,237,770 542,503 56,600 51,200,344 5,000,000 500,000,000 50,000,000 51,237,770 563,129 563,129 587,500 500,000 500,000 50 5,000,001 542,503 55.40 5 51,200,344 51,200,344 587,500 51,200,344 54,682 500,000 56,962 556,962 562,500 562,500 542,503 55.40 56,600 5 5,000,000 500,000,000 50,000,000 50,000 50,000 50,000 55.40 | We found 15 numbers that start with the digit 6. Here they are: 635,563 635,563 641,496 641,632 6,069 641,496 641,496 6,069 6,069 6,069 6,069 651,458 6,160,000 64,690 61,875 |
| 7's | 8's | 9's |
|---|---|---|
| We found 19 numbers that start with the digit 7. Here they are: 7,555 756,642 756,196 798,325 798,325 719,401 743,940 7,518 7,555 7,900,000 7,555 7,555 721,912 721,859 7,900,000 7,400,000 75,000 75,000 75,000 | We found 16 numbers that start with the digit 8. Here they are: 800,000 83,600 892,173 867 8,800,000 80 800,000 800,000,000 800,000 843,038 8,800,000 8,243,038 8,800,000 870 800,000 83,600 | We found 10 numbers that start with the digit 9. Here they are: 93 97,285 95,191 97,285 97,285 95,191 900,000 900,000 9,000 90,000 |
While the above FNVTU 10Q Filed 12/10/2024 is interesting in isolation, we have found that it is also useful to take a look at older
FINNOVATE ACQUISITION CORP. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a
Benford's Law analysis. Below we repeat the 10Q Filed 12/10/2024 but instead of the chart comparing against the typical company across
our coverage universe, below we show the same chart compared against the typical FNVTU 10Q and 10K filings that we have processed
historically. This is followed by similar charts for each of those historical filings.
| 10Q Filed 12/10/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 391 ■ = Typical FNVTU range from 5/20/2024 to 12/10/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/19/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 348 ■ = Typical FNVTU range from 5/20/2024 to 12/10/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/20/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 278 ■ = Typical FNVTU range from 5/20/2024 to 12/10/2024 | ||||||||||||||||||||||||||||||||||||