Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 475

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 475
---
, 2024, we issued the May 2024 Note in the aggregate principal amount of up to $225,000 to the Sponsor, the proceeds from which will be deposited into the Trust Account for the benefit of each Finnovate Public Share that was not redeemed in connection with the Second Extension Amendment. In connection with such extension, the Sponsor has caused an aggregate of $225,000 to be deposited into the Trust Account. On November11, 2024, we issued the November 2024 Note in the aggregate principal amount of up to US$259,588 to the Sponsor, the proceeds from which will be deposited into the Trust Account for the benefit of each Finnovate Public Share that was not redeemed in connection with the Third Extension Amendment. As of December11, 2024, Finnovate had deposited $43,320 (including $55.40 of applicable interest) into the Trust Account. Each of our independent directors invested, prior to the closing of Finnovate IPO, as a limited partner holding a minority, non -controllinginterest in the Sponsor. Additionally, in connection with the consummation of the Investment, each of Calvin Kung, Tommy Wang Chiu Wong, Charlie (Chunyi) Hao, Tiemei (Sarah) Li and Sanjay Prasad became limited partners in the Sponsor. Each of such individuals therefore holds an indirect interest in the Founder Shares and private warrants held by the Sponsor. On January3, 2025, the Sponsor consummated a distribution of its assets in accordance with its governing documents, which included the distribution of 4,237,499 Finnovate Class A Ordinary Shares, 1 Finnovate Class B Ordinary Share and 8,243,038 Finnovate Private Warrants then held by the Sponsor to its constituent members (the “Sponsor Distribution”). If any of our officers or directors becomes aware of a business combination opportunity that falls within the line of business of any entity to which he or she has then -currentfiduciary or contractual obligations, subject to their fiduciary duties under Cayman Islands law, he or she may be required to present such business combination opportunity to such entity prior to presenting such business combination opportunity to us, subject to his or her fiduciary duties under Cayman Islands law. Our amended and restated memorandum and articles of association provide that to the fullest extent permitted by applicable law: (i) no individual serving as a director or an officer shall have any duty, except and to the extent expressly