Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 49

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 49
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: (i)Up to 1,100,000shares issuable upon exercise of warrants, which may be issued upon conversion, at Sunorange’s election, of the June 2023 Note. Sunorange currently has no intention to convert the June 2023 Note. (ii)34,602shares issuable upon conversion of $400,000 due to 3A Partners upon the consummation of the Business Combination. 3A Partners currently has no intention to convert the compensation payable. (iii)Up to 21,737,500shares issuable upon exercise of Public Warrants and Private Placement Warrant. Such warrants are not exercisable until 30 days after the Closing Date), at which point they are exercisable, at the holder’s election, until the five -yearanniversary of the Closing Date, at an exercise price of $11.50 (subject to adjustment). (2)Finnovate’s net tangible book value was calculated by total assets minus total liabilities minus ordinary shares subject to redemption.

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(3)Finnovate’s net tangible book value was adjusted for (i) trust account balance as a result of different level of redemption; and (ii) transaction expenses that have not recorded on Finnovate’s financial statements as of June 30, 2024, which will have impacts on the calculation of net tangible book value upon closing. (4)In connection with the approval by the Finnovate Shareholders of the Third Extension Amendment extending the business combination date to May 8, 2025, 1,383,214 Public Shares was redeemed in November 2024. As a result, approximately $16.16 million (approximately $11.68 per share) will be removed from the Trust Account to pay such holders. The Trust Account balance is calculated as of November 4, 2024 and reflects the Trust Account balance after the payment of November 2024 redemption. (5)Dilution was calculated by subtracting the Net tangible book value per share as of June 30, 2024, as adjusted from Finnovate’s IPO price per share paid by the original investors ($10.00 per share). For each of the five redemption scenarios, potential dilution results in the amount of non -redeemingshareholders’ interest per share being at least the IPO price per share:

|                                                                                                                                   |     | No          
 redemptions |             |     | 25%         
 Redemptions |             |     |