Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 301

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 301
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Co’s board of directors immediately after the Closing to consist of seven directors, including: (i) two persons who are designated by Finnovate prior to the Closing as independent directors; and (ii) five persons who are designated by Scage International prior to the Closing. The Business Combination Agreement and the consummation of the Transaction require the approval of both Finnovate’s shareholders and the Scage International shareholders. Finnovate and PubCo also agreed to jointly prepare, and PubCo shall file with the SEC, a registration statement on Form F -4(as amended, the “Registration Statement”) in connection with the registration under the Securities Act of 1933, as amended (the “Securities Act”) of the issuance of securities of PubCo to the holders of the ordinary shares and warrants of Finnovate and Scage International and containing a proxy statement/prospectus for the purpose of soliciting proxies from the shareholders of Finnovate for the matters relating to the Transactions to be acted on at the extraordinary general meeting of the shareholders of Finnovate and providing such shareholders an opportunity to participate in the redemption of their Finnovate Public Shares upon the Closing (the “Redemption”). Scage International agreed to call a meeting of its shareholders or cause a written resolution to be passed, as promptly as practicable after the Registration Statement has become effective, in order to obtain the approval of the shareholders of Scage International for the approval of the Business Combination Agreement and the Transactions, and Scage International agreed to use its commercially reasonable efforts to solicit from the shareholders of Scage International proxies prior to such extraordinary general meeting or written resolution, and to take all other actions necessary or advisable to secure the approval of the Company shareholders of Scage International. Conditions to Closing The obligations of the parties to consummate the Business Combination is subject to various conditions, including the following mutual conditions of the parties. Any of the conditions to a party’s obligation to consummate the Business Combination set forth in the Business Combination Agreement, if legally permitted, may be waived by such party. These conditions include: (1) the approval of the Business Combination Agreement and the Transactions and related matters by the requisite vote of Finnovate’s and Scage International’s shareholders; (2) obtaining material regulatory approvals; (3) receipt of specified third party consents from any bank that has granted a valid credit facility to Scage International or any notifications to be made to any such bank; (4) no law or order preventing or prohibiting the Transactions; (5) Finnov