Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 76

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 76
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 International and its business model; and the advantages of the Business Combination over a traditional IPO, including greater speed of execution and potentially higher proceeds and less dilution of Scage International’s existing shareholders. The Scage International Board also considered a variety of risks and potentially negative factors, including the following: the possibility that the Business Combination may not be completed on the terms or the timeline contemplated by Scage International and Finnovate or at all; the risk that the completion of the Business Combination (or the failure to complete the Business Combination) could negatively affect Scage International’s future business and financial results; the potential risk of diverting Scage International management’s focus and resources from operational matters and other strategic opportunities while working to implement the Business Combination; and the additional costs and expenses that Scage International will incur in connection with the Transactions and following the completion of the Business Combination. The foregoing discussion of the factors considered by the Scage International Board is not exhaustive and is intended only to reflect the principal factors considered by the Scage International Board. In view of the wide variety of factors considered by the Scage International Board in connection with its evaluation of the Business Combination and the complexity of these matters, the Scage International Board did not consider it practical to, and it did not attempt to, quantify, rank or otherwise assign relative weights to the specific factors that it considered in reaching its decision. In consideration of the factors described above and the other factors, individual members of the Scage International Board may have viewed factors differently or given different weights to these factors. After considering the various potentially positive and negative factors, including the foregoing, the Scage International Board determined that, in the aggregate, the potential benefits of the Business Combination outweigh the risks and uncertainties of the Business Combination. 1 In reaching its decision to approve the financing transactions in connection with the Business Combination, the Scage International Board consulted with Scage International’s management and advisors and considered a wide variety of factors, including the significant factors listed here as generally supporting its decision: greater liquidity and more capital resource for Scage International to expand its business and less dilution to the SPAC’s shareholders. The Scage International Board also considered a variety of risks and potentially negative factors, including the following: the dilutive effect on the existing shareholders of Scage International and the additional costs and expenses that Scage International will incur in connection with the financing transactions. After considering the various potentially positive and negative factors, including the foregoing, the Scage International Board determined that, in the aggregate, the potential benefits of