Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 2

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 2
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 and outstanding share in PubCo immediately prior to the First Merger Effective Time, shall be cancelled; and (4) each then issued and outstanding ordinary share of Merger Sub I, par value US$0.0001 per share, shall be converted into and exchanged for one ordinary share of the Surviving Company. At the Effective Time, pursuant to the Second Merger: (1) each issued and outstanding Finnovate Public Unit shall be automatically detached and the holder thereof shall be deemed to hold one Finnovate Class A Ordinary Share and three -quartersof one Finnovate Public Warrant (“Unit Separation”), (2) immediately following the Unit Separation, every issued and outstanding Finnovate Ordinary Share (other than treasury shares held by Finnovate and those shares held by Insiders and Dissenting Finnovate Shares) immediately prior to the Effective Time shall be cancelled and converted automatically into the right to receive one PubCo ADS; (3) every issued and outstanding Finnovate Ordinary Share held by the Insiders immediately prior to the Effective Time shall be cancelled and converted automatically into the right to receive one PubCo Ordinary Share; (4) pursuant to certain Assignment, Assumption and Amendment to Warrant Agreement, at the Effective Time, each Finnovate Public Warrant shall be converted into one PubCo Public Warrant, and each outstanding Finnovate Private Warrant shall be converted into one PubCo Private Warrant, and each of the PubCo Public Warrants and PubCo Private Warrants (together with PubCo Public Warrants, “Assumed Warrants”) shall have and be subject to substantially the same terms and conditions set forth in the respective Finnovate Public Warrants and Finnovate Private Warrants, except that they shall represent the right to acquire PubCo ADS or PubCo Ordinary Shares in lieu of Finnovate Ordinary Shares; (4) each Finnovate Ordinary Share for which a holder has validly exercised its right of redemption shall be surrendered and cancelled and shall cease to exist; and (5) each then issued and outstanding ordinary share of Merger Sub II, par value US$0.0001 per share, shall be converted into and exchanged for one ordinary share of the Surviving Entity. This proxy statement/prospectus covers (1) 72,810,209 PubCo Ordinary Shares, represented by PubCo ADSs (including Company Ordinary Shares and Finnovate Ordinary Shares that will convert into PubCo ADSs and PubCo Ordinary Shares in connection with the First