Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 482

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 482
---
 tax deferred accounts; •banks or other financial institutions, underwriters, insurance companies, real estate investment trusts or regulated investment companies; •U.S. expatriates or former long -termresidents of the United States; •persons that own (directly, indirectly, or by attribution) 5% or more (by vote or value) of the stock of Finnovate, Scage International or PubCo; •partnerships or other pass -throughentities for U.S. federal income tax purposes, or beneficial owners of partnerships or other pass -throughentities; •persons holding Finnovate securities, Company Ordinary Shares, PubCo ADSs or Assumed Warrants as part of a straddle, hedging or conversion transaction, constructive sale, or other arrangement involving more than one position; •persons required to accelerate the recognition of any item of gross income with respect to Finnovate securities, Company Ordinary Shares, PubCo ADSs or Assumed Warrants as a result of such income being recognized on an applicable financial statement; •persons whose functional currency is not the U.S. dollar; •persons that received Finnovate securities, Company Ordinary Shares, PubCo ADSs or Assumed Warrants as compensation for services; or •controlled foreign corporations or passive foreign investment companies. For U.S. federal income tax purposes, persons who own our ADSs are generally considered to own the PubCo Ordinary Shares underlying any ADSs they own. Therefore, references to “ADSs” should also be considered references to the PubCo Ordinary Shares for U.S. federal income tax purposes. This discussion is based on the Internal Revenue Code of 1986, as amended (the “Code”), its legislative history, existing and proposed Treasury regulations promulgated under the Code (the “Treasury Regulations”), published rulings by the U.S. Internal Revenue Service (the “IRS”) and court decisions, all as of the date hereof. These laws are subject to change, possibly on a retroactive basis. This discussion is necessarily general and does not address all aspects of U.S. federal income taxation, including the effect of the U.S. federal alternative minimum tax, or U.S. federal estate and gift tax, or any state, local or non -U.S. tax laws to a holder of Finnovate securities, Company Ordinary Shares, PubCo ADSs or Assumed Warrants. We have not sought and do not intend to seek any 246 rulings from the IRS regarding the Business Combination. There is no assurance that the IRS will