Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 628

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 628
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 entered into the Second Amendment to Business Combination Agreement (the “Second Amendment”), pursuant to which the parties agreed to extend the Outside Date (as defined in the Business Combination Agreement) from October31, 2024 to March31, 2025. On October13, 2024, the Company’s third -partyagreement with 3A Partners Limited, initially entered into on August29, 2023, was amended and restated to, among other things, reduce the contingent fee to 0.05%. On November8, 2024, the Company received written notice (the “Notice Letter”) from the Nasdaq Hearings Panel (the “Hearing Panel”) indicating that the Hearing Panel had determined to delist its securities from The Nasdaq Stock Market LLC (“Nasdaq”) and that trading in the Company’s securities would be suspended at the open of trading on November12, 2024 due to its failure to satisfy the terms of the Hearing Panel’s July3, 2024 decision (the “Decision”). Pursuant to the terms of the Decision, amongst other things, the Company was required to close its initial business combination (the “Business Combination”) with an operating entity and the combined entity was required to evidence compliance with the criteria for initial listing on Nasdaq, including the applicable holders requirement, by November4, 2024. On November6, 2024, the Company notified the Hearing Panel that it would not be able to close its Business Combination by the Hearing Panel’s November4, 2024 deadline. Accordingly, F-75 FINNOVATE ACQUISITION CORP.
NOTES TO CONDENSED FINANCIAL STATEMENTS
(UNAUDITED) NOTE 10—SUBSEQUENT EVENTS (cont.) the Hearing Panel has determined to delist the Company’s securities from Nasdaq as set forth in the Notice Letter. Following suspension of trading on Nasdaq, the Company’s units, Class A ordinary shares and warrants are eligible to trade on the OTC Markets under the tickers “FNVUF,” “FNVTF,” and “FNVWF,” respectively. On November5, 2024, the Company announced that it has agreed to waive its right to withdraw $50,000 out of up to $100,000 of interest accrued on the Company’s trust account to pay dissolution expenses, should the Company ultimately liquidate prior to an initial business combination (the “Dissolution Expense Waiver”). As a result, the Company will not withdraw up to