Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 68

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 68
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 in respect of the appraisal rights under the Cayman Companies Act. Q.I am a Finnovate Warrant holder. Why am I receiving this proxy statement / prospectus? A.As a holder of Finnovate Warrants, each whole PubCo Warrant will entitle you to purchase one PubCo ADS or PubCo Ordinary Share in lieu of one Finnovate Class A Ordinary Share at a purchase price of US$11.50 per share upon consummation of the Business Combination. This proxy statement/prospectus includes important information about PubCo and the business of PubCo and its subsidiaries following consummation of the Business Combination. Since holders of Finnovate Warrants will become holders of PubCo Warrants and may become holders of PubCo ADSs or PubCo Ordinary Shares upon consummation of the Business Combination, Finnovate urges you to read the information contained in this proxy statement/prospectus carefully. Q.What happens to the funds deposited in the Trust Account after the consummation of the Business Combination? A.Of the net proceeds of Finnovate IPO and simultaneous private placements, a total of US$153,000,000 was placed in the Trust Account immediately following the Finnovate IPO. As of the Record Date, there was approximately $10.3million in the Trust Account following redemptions effected in connection with the First Extension Amendment, the Second Extension Amendment and the Third Extension Amendment. In connection with the consummation of the Business Combination, the remaining funds in the Trust Account (following the extensions and redemptions related thereto) will be used by Finnovate to pay holders of the Finnovate Public Shares who exercise redemption rights, to pay fees and expenses incurred in connection with the Business Combination with Scage International (including fees payable to certain underwriters and finders in connection with the Business Combination). Any remaining funds will be paid to Scage International (or as otherwise designated in writing by Scage International to Finnovate prior to the Closing) and used for working capital and general corporate purposes of PubCo and its subsidiaries. Q.What happens if a substantial number of Finnovate Public Shareholders vote in favor of the Business Combination Proposal and exercise their redemption rights? A.Unlike some other blank check companies which require Finnovate Public Shareholders to vote against a business combination in order to exercise their redemption rights, Finnovate Public Shareholders may vote in favor of the Business Combination and exercise their redemption rights. Accordingly, the Business Combination may be consummated even though the