Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 29

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 29
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 to adjourn the Meeting to a later date or dates, if necessary or desirable, at the determination of the Finnovate Board. See the section entitled “The Adjournment Proposal.” Finnovate will hold the Meeting to consider and vote upon these proposals. This proxy statement/prospectus contains important information about the proposed Business Combination and the other matters to be acted upon at the Meeting. Shareholders should read it carefully. The vote of shareholders is important. Shareholders are encouraged to vote as soon as possible after carefully reviewing this proxy statement/prospectus. Q.Why is Finnovate proposing the Business Combination? A.Finnovate was incorporated on March 15, 2021, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. On November 8, 2021, Finnovate consummated its initial public offering of 15,000,000 units and, on November 12, 2021, issued an additional 2,250,000 units pursuant to the underwriter’s full exercise of their over -allotmentoption. Each unit consists of one Class A ordinary share and three -quartersof a redeemable warrant of Finnovate, each warrant entitling the holder thereof to purchase one Class A ordinary share for US$11.50 per share. The units were sold at a price of US$10.00 per unit, generating gross proceeds to Finnovate of US$150,000,000 and US$22,500,000 at the respective closings. Simultaneously with the closing of our initial public offering and the closing of the underwriter’s full exercise of their over -allotmentoption, we completed the private sale of an aggregate of 8,243,038 and 556,962 private warrants, respectively, to the Sponsor and EBC at a purchase price of US$1.00 per private warrant, generating gross proceeds to us of US$8,243,038 and US$556,962, respectively. Following the respective closings, a total of US$153,000,000 and US$22,950,000 were placed in a U.S. -basedtrust account at Goldman Sachs & Co., which is maintained by Continental Stock Transfer & Trust Company acting as trustee. Since the Finnovate IPO, Finnovate’s activity has been limited