Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 206

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 206
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 member or members of our management team, the Sponsor, or any of their respective current or former affiliates or entities related to one or more of them, is not a guarantee of success with respect to the Business Combination. You should not rely on the historical record of any member or members of our management team, any of their respective current or former affiliates or entities related to one or more of them, or any of the foregoing’s related investment’s performance, as indicative of the future performance of an investment in Finnovate or PubCo or the returns Finnovate or PubCo will, or is likely to, generate going forward. Nasdaq may not list PubCo’s securities on its exchange, which could limit investors’ ability to make transactions in PubCo’s securities and subject PubCo to additional trading restrictions. Finnovate’s securities are currently quoted on the OTC Markets, and it is anticipated that, following the Business Combination, PubCo’s securities will be listed on Nasdaq. However, there can be no assurance that PubCo’s securities will continue to be listed on Nasdaq in the future. In order to continue to maintain the listing of PubCo’s securities on Nasdaq, PubCo must maintain certain financial, distribution, liquidity and stock price levels. For instance, PubCo’s stock price would generally be required to be at least US$4 per share and its shareholders’ equity would generally be required to be at least US$5 million and PubCo would be required to have a minimum of 400 public holders of “round lots” of 100 shares (with at least 50% of such round lot holders holding securities with a market value of at least US$2,500). In addition to the listing requirements for PubCo’s securities, Nasdaq imposes listing standards on warrants. There can be no assurance that PubCo will be able to meet those initial listing requirements. If Nasdaq delists PubCo’s securities from trading on its exchange and PubCo is not able to list its securities on another national securities exchange, Finnovate expects PubCo’s securities could be quoted on an over -the -countermarket. If this were to occur, PubCo could face significant material adverse consequences, including: •a limited availability of market quotations for its securities; •reduced liquidity for its securities; •a determination that the PubCo ADSs are “penny shares” which will require brokers trading in the ADSs to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market