Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 61

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 61
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,028,296 Finnovate Class A Ordinary Shares, or approximately 20.7% of the 4,956,638 Finnovate Ordinary Shares not held by the Sponsor Parties outstanding as of the Record Date to be voted in favor of the Business Combination Proposal, the Organizational Documents Advisory Proposals, the PubCo Director Election Proposal and if necessary, the Adjournment Proposal in order for them to be approved. If all holders of the 5,327,792 Finnovate Ordinary Shares issued and outstanding as of the Record Date are voted at the Meeting, then, in addition to the Finnovate Ordinary Shares held by the Sponsor Parties, Finnovate would need 2,337,743 Finnovate Class A Ordinary Shares, or approximately 47.1% of the 4,956,638 Finnovate Ordinary Shares not held by the Sponsor Parties outstanding as of the Record Date to be voted in favor of the Business Combination Proposal, the Organizational Documents Advisory Proposals, the PubCo Director Election Proposal and if necessary, the Adjournment Proposal in order for them to be approved. Q.What constitutes a quorum at the Meeting? A.Holders of no less than a majority of the Finnovate Ordinary Shares issued and outstanding and entitled to vote at the Meeting constitute a quorum. In the absence of a quorum, the Meeting shall be adjourned. As of the Record Date, 2,663,897 Finnovate Ordinary Shares would be required to achieve a quorum. xxxi Q.How do the Sponsor, directors and officers of Finnovate intend to vote on the proposals? A.The Sponsor agreed to vote its shares in favor of the Business Combination Proposal and the Sponsor Parties have indicated that they intend to vote their shares in favor of all other proposals being presented at the Meeting. As of the Record Date, following the Sponsor Distribution, the Sponsor Parties held 281,153 Finnovate Class A Ordinary Shares and one (1) Finnovate Class B Ordinary Share, which constitute approximately 6.6% of the total issued and outstanding Finnovate Ordinary Shares. Q.Do I have Redemption rights? A.Pursuant to the Finnovate Articles, holders of Finnovate Public Shares may elect to have their shares redeemed for cash at the applicable redemption price per share calculated in accordance with the Finnovate Articles. As of the Record Date, based on funds in the Trust Account of approximately US$10.3 million, this would have amounted to approximately US$11