Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 400

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 400
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 a special purpose acquisition company that consummated its initial public offering in October 2021 for aggregate gross proceeds of $200,000,000 and consummated a business combination with Helport AI Limited (Nasdaq: HPAI) in August 2024. As of December 31 , 2024, the closing price of HPAI was $ 5.55 . Additionally, Mr. Hao served as Chairman and Chief Financial Officer and Sanjay Prasad served as a director of East Stone Acquisition Corporation (“ESSC”), a special purpose acquisition company that consummated its initial public offering in February 2020 for aggregate gross proceeds of $138,000,000 and consummated a business combination with NWTN Inc. (Nasdaq: NWTN) in November 2022. As of December 31 , 2024, the closing price of NWTN was $ 0.74 . We believe this collective expertise will meaningfully benefit us in connection with the Business Combination, as well as in creating long -term shareholder value post -closing . Additionally, the expertise of certain investors in our Sponsor with similar transactions and strategic guidance through various market cycles ensures that we are well -equipped to navigate the complexities of the de -SPAC process. Our management and Sponsor team members, including Mr. Kung, our Chairman and CEO, and Mr. Wong, our CFO, have backgrounds in corporate finance, mergers and acquisitions, and growing businesses through both organic means and strategic transactions. As a corporate attorney in both New York and Beijing, Mr. Kung represented public and private companies, underwriters and private equity firms in a variety of transactions, including equity and debt offerings, and mergers and acquisitions. Mr. Wong has decades of corporate strategy experience through his work at a major real estate developer, a chemicals company, and communications firm. In addition, our directors bring extensive SPAC -related experience. Mr. Chunyi (Charlie) Hao, one of our directors, has been involved in numerous SPAC -related transactions and brings deep expertise in navigating the complexities of SPAC structures, having previously held senior leadership positions in several SPACs that successful completed business combinations, most recently ESSC and Tristar. Mr. Sanjay Prasad was previously a director of ESSC. Their collective experience provides Finnovate with a deep understanding of the SPAC process and enhances our ability to execute a successful business combination. For more information on the experience of each of our officers,