Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 35

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 35
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 from May 8, 2023 to May 8, 2024, provided Finnovate deposits US$100,000 per month into the Trust Account for each outstanding Finnovate Public Share on or before the 8 thday of each extension month. On May2, 2024, Finnovate’s shareholders approved an amendment to the Finnovate Articles (the “Second Extension Amendment”), which extends the date by which Finnovate must consummate its initial business combination from May8, 2024 to November8, 2024. On May15, 2024, the Company issued the May 2024 Note in the aggregate principal amount of up to $225,000 to the Sponsor, the proceeds from which will be deposited into the Trust Account for the benefit of each Finnovate Public Share that was not redeemed in connection with the Second Extension Amendment. On July3, 2024, Finnovate, received written notice from Nasdaq indicating that the Panel had granted Finnovate’s request for continued listing on Nasdaq, subject to the Company completing a business combination with an operating entity and evidencing compliance with the criteria for initial listing on Nasdaq, including the applicable holders requirement, by November4, 2024. On November6, 2024, Finnovate’s shareholders approved an amendment to the Finnovate Articles (the “Third Extension Amendment”), which extends the date by which Finnovate must consummate its initial business combination from November8, 2024 to May8, 2025. On November11, 2024, Finnovate issued the November 2024 Note in the aggregate principal amount of up to US$259,588 to the Sponsor, the proceeds from which will be deposited into the Trust Account for the benefit of each Finnovate Public Share that was not redeemed in connection with the Third Extension Amendment. As of December11, 2024, Finnovate had deposited $43,320 (including $55.40 of applicable interest) into the Trust Account. On November8, 2024, Finnovate received written notice (the “Notice Letter”) from the Panel indicating that the Panel had determined to delist Finnovate’s securities from Nasdaq and that trading in Finnovate’s securities would be suspended at the open of trading on November12, 2024 due to the Company’s failure to timely satisfy the terms of the Panel’s July3, 2024 decision (the “Decision”). On November6,