Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 10

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 1
Chunk 10
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 International released certain Ordinary Shares issuable to certain non-affiliate shareholders
of Scage International from the transfer restrictions under the Seller Lock-up Agreement in order to satisfy the initial listing requirements
of the Nasdaq Stock Market.

Shareholder Support Agreement

Simultaneously with the execution
of the Business Combination Agreement, Finnovate, Scage International, and Key Company Shareholders entered into a Shareholder Support
Agreement (the “ Shareholder Support Agreement”), pursuant to which, among other things, Key Company Shareholders have agreed
(a) to support the adoption of the Business Combination Agreement and the approval of Business Combination, subject to certain customary
conditions, and (b) not to transfer any of their subject shares (or enter into any arrangement with respect thereto), subject to certain
customary conditions.

Sponsor Support Agreement

Simultaneously with the execution
of the Business Combination Agreement, the Company, Scage International, Finnovate and Finnovate Sponsor L. P. (the “ Sponsor”)
entered into a Sponsor Support Agreement (the “ Sponsor Support Agreement”), pursuant to which the Sponsor agreed to vote all
of its shares of Finnovate in favor of the Business Combination Agreement and the transactions contemplated therein. The Sponsor Support
Agreement also prevents certain transfers of securities of Finnovate held by the Sponsor between the date of the Sponsor Support Agreement
and the termination of the Sponsor Support Agreement.

On January 3, 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”).

Pursuant to the Sponsor Distribution,
the recipients of Finnovate securities (other than the Sponsor and its affiliates) agreed to remain subject to the lock-up restrictions
but would not be required to vote their shares in favor of the Business Combination.

Prior to the Closing of the
Business Combination, Finnovate and Scage International released certain Ordinary Shares issuable to certain non-affiliate shareholders
of Finnovate who from the lock-up restrictions described above in order to satisfy the initial listing requirements of the Nasdaq Stock
Market.

Insider Letter Amendment

Simultaneously with the execution
of the Business Combination Agreement, Finnovate, Scage International, the Sponsor, Pubco