Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 204

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 204
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 the Trust Account. Examples of possible instances where Finnovate may engage a third party that refuses to execute a waiver include the engagement of a third -partyconsultant whose particular expertise or skills are believed by management to be significantly superior to those of other consultants that would agree to execute a waiver or in cases where management is unable to find a service provider willing to execute a waiver. In addition, there is no guarantee that such entities will agree to waive any claims they may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with Finnovate and will not seek recourse against the Trust Account for any reason. Upon redemption of Finnovate Public Shares, if Finnovate has not completed its initial business combination within the required time period, or upon the exercise of a redemption right in connection with its initial business combination, Finnovate will be required to provide for payment of claims of creditors that were not waived that may be brought against Finnovate within the 10 years following redemption. Accordingly, the per share redemption amount received by Finnovate Public Shareholders could be less than the US$ 11.85per Finnovate Public Share (based on the Trust Account balance as of the Record Date and net of taxes payable), due to claims of such creditors. The Sponsor has agreed that it will be liable to Finnovate if and to the extent any claims by a third party for services rendered or products sold to us, or a prospective target business with which Finnovate has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) US$10.20 per Finnovate Public Share and (ii) the actual amount per Finnovate Public Share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in value of the trust assets, in each case net of the interest that may be withdrawn to pay Finnovate’s tax obligations, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under Finnovate’s indemnity of the underwriters of Finnovate’s IPO against certain liabilities, including liabilities under the Securities Act. Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third -part