Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 248

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 248
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 in holders receiving less than they would have received if the Business Combination was completed and they had exercised redemption rights in connection therewith due to potential claims of creditors. However, the Business Combination will not be consummated if redemptions would cause Finnovate to not have at least US$5,000,001 in net tangible assets immediately prior to, or upon such consummation of the Business Combination. The closing price of the Finnovate Ordinary Shares on the Record Date was US$. The cash held in the Trust Account on such date was approximately US$(approximately US$per Finnovate Public Share). Prior to exercising redemption rights, shareholders should verify the market price of the Finnovate Ordinary Shares as they may receive higher proceeds from the sale of their Finnovate Public Shares in the public market than from exercising their redemption rights if the market price per share is higher than the Redemption price. Finnovate cannot assure its shareholders that they will be able to sell their Finnovate Ordinary Shares in the open market, even if the market price per share is higher than the redemption price stated above, as there may not be sufficient liquidity in its securities when its shareholders wish to sell their shares. If a holder of Finnovate Public Shares exercises its redemption rights, then it will be exchanging its Finnovate Public Shares for cash and will no longer own those shares. You will be entitled to receive cash for these shares only if you properly demand redemption and deliver your share certificate (either physically or electronically) to Finnovate’s transfer agent prior to the vote at the Meeting, and the Business Combination is consummated. If a holder of Finnovate Public Shares exercises its redemption rights, it will not result in the loss of any Finnovate Warrants that it may hold and, upon consummation of the Business Combination, each whole Warrant will become a warrant of PubCo exercisable to purchase one PubCo ADS or PubCo Ordinary Share, subject to certain conditions, in lieu of one Finnovate Ordinary Share for a purchase price of US$11.50 per PubCo ADS or PubCo Ordinary Share. If a holder redeems its Finnovate Public Shares at Closing but continues to hold Public Warrants after the Closing, the aggregate value of the Public Warrants that may be retained by holders of Public Warrants, based on the closing trading price per Public Warrant as of November11, 2024, would be approximately US$156,617 regardless of the amount of redemptions by Finnovate