Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 64

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 64
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 Combination was completed and they exercised redemption rights in connection therewith due to potential claims of creditors against the Trust Account. If you are a holder of Finnovate Public Shares and you exercise your redemption rights, it will not result in the loss of any Finnovate Warrants Rights that you may hold. Your whole Finnovate Warrants will become exercisable to purchase one PubCo ADS in lieu of one Finnovate Ordinary Share for a purchase price of US$11.50 per share upon consummation of the Business Combination. Only whole Finnovate Warrants are exercisable and fractional warrants will be issued upon separation of the units. If holders redeem their Finnovate Public Shares at Closing but continue to hold any PubCo Public Warrants after the Closing, the aggregate value of the PubCo Public Warrants that may be retained by them, based on the closing trading price per Public Warrant as of November 11, 2024, would be approximately US$ 156,617 regardlessof the amount of redemptions by Finnovate Public Shareholders. Q.What are the U.S. federal income tax consequences of exercising my redemption rights? A.Holders of Finnovate Ordinary Shares who exercise their redemption rights to receive cash will be considered for U.S. federal income tax purposes to have made a sale or exchange of the tendered shares, or will be considered for U.S. federal income tax purposes to have received a distribution with respect to such shares that may be treated as: (i) dividend income, (ii) a non -taxablerecovery of basis in his investment in the tendered shares, or (iii) gain (but not loss) as if the shares with respect to which the distribution was made had been sold. See the section entitled “Material U.S. Federal Income Tax Considerations—U.S. Holders—Redemption of Finnovate Ordinary Shares.” Q.What happens if I sell my Finnovate Public Shares before the Meeting? A.The Record Date for the Meeting is earlier than the date that the Business Combination is expected to be consummated. If you transfer your Finnovate Public Shares after the Record Date, but before the Meeting, unless the transferee obtains from you a proxy to vote those shares, you would retain your right to vote at the Meeting. However, you would not be entitled to receive any shares of PubCo following the consummation of the Business Combination because only Finnovate shareholders at the time of the consummation of the Business