Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 433

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 433
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 Board determines) to complete a Business Combination. If we are not able to consummate a Business Combination before May8, 2025 (unless extended by Finnovate’s shareholders, or such earlier time as the Finnovate Board determines), we will commence an automatic winding up, dissolution and liquidation. Our Management has determined that the automatic liquidation, should a Business Combination not occur, and potential subsequent dissolution also raise substantial doubt about our ability to continue as a going concern for a period of time within one year after the date that the unaudited condensed financial statements are issued. While Management intends to complete a Business Combination on or before May8, 2025, it is uncertain whether we will be able to do so. No adjustments have been made to the carrying amounts of assets or liabilities should we be required to liquidate after May8, 2025. Off-Balance Sheet Financing Arrangements We did not have any off -balancesheet arrangement as of September30, 2024, as defined in Item 303(a)(4)(ii) of Regulation S -K. Contractual Obligations As of September30, 2024, we did not have any long -termdebt, capital or operating lease obligations. We have entered into an administrative services agreement pursuant to which we are paying the Sponsor for office space, utilities and administrative support services, in an amount of up to US$3,000 per month. We have engaged EBC as an advisor in connection with our initial business combination to assist us in holding meetings with our shareholders to discuss the potential initial business combination and the target business’ attributes, introduce us to potential investors that are interested in purchasing our securities in connection with our initial business combination, assist us in obtaining shareholder approval for the initial business combination and assist us with our press releases and public filings in connection with the initial business combination. In connection with the Sunorange Investment, we have agreed to pay EBC a reduced cash fee for such services upon the consummation of our initial business combination in an amount equal to 1.75% of the gross proceeds of our IPO. Upon consummation of the Business Combination, EBC’s transaction fee will be equal to US$3,018,750 payable in cash, convertible note or a combination of both (at the option of Finnovate). We previously engaged a third -partyconsultant to provide us with assistance in various aspects of our potential business combination. Pursuant to the terms of the agreement, we have agreed to pay a