Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 9

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 9
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 upon the Closing to Scage International shareholders. Upon the Closing, the approximate dilution from the Business Combination (including the shares issued to the subscriber) will be approximately $0.28 per share. See “Summary—Questions and Answers about the Business Combination and the Extraordinary General Meeting—What equity stake will current Finnovate Public Shareholders, the Sponsor and the Scage International shareholders and their affiliates hold in PubCo immediately after the completion of the Business Combination?” for more information. Scage International closed the two investments on November19, 2024. Scage International intends to use the proceeds from such financing transactions for operating and working capital purposes. The private placement transactions pursuant to the subscription agreements will satisfy the closing condition of the Business Combination Agreement that the cash proceeds from the PIPE Investment shall not be less than an aggregate of US$15million. After careful consideration, the Finnovate Board has determined that each of the NTA Proposal, the Business Combination Proposal, the Merger Proposal, the PubCo Memorandum and Articles Proposal, each of the separate Organizational Documents Advisory Proposals, each of the director nominees set forth in the PubCo Director Election Proposal and, if presented at the Meeting, the Adjournment Proposal are advisable. When Finnovate shareholders consider the proposals presented in the accompanying proxy statement/prospectus, they should keep in mind that our Sponsor and Finnovate’s directors and officers have interests in the Business Combination that are different from or in addition to, or may conflict with, interests of unaffiliated holders of Finnovate ordinary shares.For instance, Sponsor will benefit from the completion of a business combination and may be incentivized to complete a business combination that is less favorable to shareholders rather than liquidating Finnovate. In such event, among other things, the value of certain interests of Sponsor, its affiliates and Finnovate directors and officers would become worthless including, among other things: •If the Business Combination with Scage International or another business combination is not consummated by May8, 2025 (unless extended by Finnovate’s shareholders, or such earlier time as the Finnovate Board determines), Finnovate will cease all operations except for the purpose of winding up, redeeming 100% of the issued and outstanding Finnovate Public Shares for cash and, subject to the approval of its remaining shareholders and its board of directors, dissolving and liquidating. In such event, the 4,312,500 Founder Shares held by the Initial Shareholders and its affiliates,