Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 190

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 190
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age International, in whole or in part. Thus, Scage International and its officers and directors will benefit from the completion of the Business Combination and may be incentivized to complete the Business Combination to recoup its loan, even though it may not be in the best interests of Scage International’s shareholders. •The anticipated continuation of three of Scage International’s existing directors, Mr.Chao Gao, Mr.Yuanchi Guo and Mr.Ziqian Guan, as directors of PubCo, and the anticipated continuation of Ms. Yu Xiang, the chief financial officer of Scage International as the chief financial officer of PubCo, may entitle such directors and officer to receive cash fees, stock options, stock awards or other remuneration that the PubCo Board determines to pay them for their service as directors and officer. •Mr.Chao Gao (by himself and by virtue of an acting -in-concertagreement), Mr.Yuanchi Guo and Mr.Ziqian Guan will beneficially own 45,441,182, 3,903,900 and 3,123,110 PubCo Ordinary Shares upon the consummation of the Business Combination, respectively, assuming the No Redemption scenario, holding 62.4%, 5.4% and 4.3% of all voting power of PubCo, respectively. •The current directors and executive officers of Scage International beneficially own 67.3% of all issued and outstanding share capital of Scage International as of the date of this proxy statement/prospectus, and upon the consummation of the Business Combination, such shares will be converted to 45,441,182 PubCo Ordinary Shares in the form of the ADSs, representing 62.4% of all voting power of PubCo. The foregoing interests present a risk that the Sponsor Parties and Finnovate’s officers and directors may be incentivized to complete a business combination with a less favorable target company or on terms less favorable to the Public Shareholders rather than to liquidate, in which case the Sponsor would lose its entire investment. As a result, the Sponsor Parties and Finnovate’s officers and directors may have a conflict of interest in determining whether Scage International is an appropriate business with which to effectuate a business combination and/or in evaluating the terms of the Business Combination. The existence of personal and financial interests of one or more of Finnovate’s directors may result in a conflict of interest on the part of such director(s) between