Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 191

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 191
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 what he or they may believe is in the best interests of Finnovate and its shareholders and what he or they may believe is best for himself or themselves in determining to recommend that shareholders vote for the Proposals. For additional information on the interests and relationships of the Sponsor, Initial Shareholders, directors and officers in the Business Combination see the sections titled “Summary of the proxy statement/prospectus—Interests of Finnovate’s Directors and Officers in the Business Combination,” “The Business Combination Proposal—Interests of Finnovate’s Sponsor, Directors and Officers and Others in the Business Combination,” “Certain Other Benefits in the Business Combination,” “Certain Relationships and Related Party Transactions” and “Beneficial Ownership of Securities.” 69 The Finnovate Articles include a waiver of business opportunities, which would otherwise require directors and officers to offer business opportunities of which they become aware to Finnovate. Consequently, under the Finnovate Articles, Finnovate’s directors and officers are not obligated to introduce to Finnovate business opportunities of which they became aware in which Finnovate may have had an interest, but could offer such business opportunities to others or pursue them for their own benefit. Nonetheless, the personal and financial interests of Finnovate’s directors and officers may influence their motivation in timely identifying and selecting a target business and completing a business combination. The different timelines of competing business combinations could cause Finnovate’s directors and officers to prioritize a different business combination over finding a suitable acquisition target for its business combination. Consequently, Finnovate’s directors’ and officers’ discretion in identifying and selecting a suitable target business may result in a conflict of interest when determining whether the terms, conditions and timing of a particular business combination are appropriate and in Finnovate’s shareholders’ best interest, which could negatively impact the timing for a business combination. Finnovate is not aware of any such conflicts of interest and does not believe that any such conflicts of interest have impacted its search for an acquisition target. If a corporation waives the corporate opportunity doctrine, a director or officer of the corporation has an inherent conflict of interest in deciding whether to present a particular business opportunity to that or any other corporation on whose board such individual serves or to pursue it for such individual’s own personal interests. Finnovate is not aware of any officer or director of Finnovate that was required to forego presenting any opportunity to acquire a target business to Finnovate as a result of a pre -existingfiduciary contractual obligation and, to Finnovate’s knowledge,