Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 270

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 270
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 Board consulted with Scage International’s management and advisors and considered a wide variety of factors, including the significant factors listed here as generally supporting its decision: greater liquidity and more capital resource for Scage International to expand its business and less dilution to the SPAC’s shareholders. The Scage International Board also considered a variety of risks and potentially negative factors, including the following: the dilutive effect on the existing shareholders of Scage International and the additional costs and expenses that Scage International will incur in connection with the financing transactions. After considering the various potentially positive and negative factors, including the foregoing, the Scage International Board determined that, in the aggregate, the potential benefits of the financing transactions outweigh their risks and uncertainties. For additional information regarding dilutive impacts, see “Questions and Answers about the Business Combination and the Extraordinary General Meeting—Q: What equity stake will current Finnovate Public Shareholders, the Sponsor and the Scage International shareholders and their affiliates hold in PubCo immediately after the completion of the Business Combination?—Dilution.” 111 Scage International’s Reasons for Approval of the Business Combination In reaching its decision to approve the Business Combination, the board of directors of Scage International (the “Scage International Board”) consulted with Scage International’s management and advisors and considered a wide variety of factors, including the significant factors listed here as generally supporting its decision: greater liquidity for Scage International shareholders as well as increased access to capital and an expanded range of potential investors for Scage International as a public company; enhanced institutional visibility and credibility, as well as increased public market awareness of Scage International and its business model; and the advantages of the Business Combination over a traditional IPO, including greater speed of execution and potentially higher proceeds and less dilution of Scage International’s existing shareholders. The Scage International Board also considered a variety of risks and potentially negative factors, including the following: the possibility that the Business Combination may not be completed on the terms or the timeline contemplated by Scage International and Finnovate or at all; the risk that the completion of the Business Combination (or the failure to complete the Business Combination) could negatively affect Scage International’s future business and financial results; the potential risk of diverting Scage International management’s focus and resources from operational matters and other strategic opportunities while working to implement the Business Combination; and the additional costs and expenses that Scage International will incur in connection with the Transactions and following the completion of the Business Combination. The foregoing discussion of the factors considered by the Scage