Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 254

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 254
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, including interest earned on the Trust Account (such interest shall be net of taxes payable) and not previously released to the Company to pay its taxes, divided by the number of then issued Finnovate Public Shares (such redemption price being referred to herein as the “Redemption Price”).” (d)The final sentence of Article 49.8 of the Finnovate Articles shall be deleted in its entirety.” The Sponsor has agreed to vote any of its Finnovate ordinary shares owned by it in favor of the NTA Proposal. THE FINNOVATE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE FINNOVATE SHAREHOLDERS VOTE “FOR” THE APPROVAL OF THE NTA PROPOSAL. 103 PROPOSAL TWO—THE BUSINESS COMBINATION PROPOSAL The following is a discussion of the proposed Business Combination and the Business Combination Agreement. This is a summary only and may not contain all of the information that is important to you. This summary is subject to, and qualified in its entirety by reference to, the Business Combination Agreement, a copy of which is attached to this proxy statement/prospectus as Annex A. Finnovate’s shareholders are urged to read this entire proxy statement/prospectus carefully, including the Business Combination Agreement, for a more complete understanding of the Business Combination. Background of the Business Combination Finnovate was incorporated in the Cayman Islands on March 15, 2021 for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Prior to entering into the Business Combination Agreement, Finnovate conducted a thorough search for a business combination target, drawing upon the networks of relationships of its management team, the members of the Finnovate Board and input from the Sponsor and its affiliates across different industries, leveraging the significant experience of Finnovate’s officers, directors and consultants in analyzing and evaluating companies and market opportunities across a variety of sectors. Prior to consummating its IPO on November 8, 2021, neither Finnovate, nor anyone on its behalf, had any substantive discussions, formal or otherwise, with respect to a proposed transaction with Scage International. The terms of the proposed Business Combination with Scage International are the result of arm’s -lengthnegotiations between representatives of Finnovate and Scage International. The following is a brief description of the background of these negotiations and the resulting Business Combination.