Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 306

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 306
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Co consummates a Change of Control). Prior to the Closing of the Business Combination, Finnovate and Scage International may release certain PubCo Ordinary Shares issuable to certain Finnovate Initial Shareholders and Scage International shareholders from the transfer restrictions under the lock -upagreements in order to satisfy the initial listing requirements of the Nasdaq Stock Market. 133 Shareholder Support Agreement Simultaneously with the execution of the Business Combination Agreement, Finnovate, Scage International, and Key Company Shareholders of the Company entered into a Shareholder Support Agreement (the “Shareholder Support Agreement”), pursuant to which, among other things, Key Company Shareholders have agreed (a) to support the adoption of the Business Combination Agreement and the approval of the Transactions, subject to certain customary conditions, and (b) not to transfer any of their subject shares (or enter into any arrangement with respect thereto), subject to certain customary conditions. Sponsor Support Agreement Simultaneously with the execution of the Business Combination Agreement, the Company, Scage, Pubco and the Sponsor entered into a Sponsor Support Agreement (the “Sponsor Support Agreement”), pursuant to which the Sponsor agreed to vote all of its shares of the Company in favor of the Business Combination Agreement and the transactions contemplated therein. The Sponsor Support Agreement also prevents certain transfers of securities of the Company held by the Sponsor between the date of the Sponsor Support Agreement and the termination of the Sponsor Support Agreement. Pursuant to the Sponsor Distribution, the recipients of Finnovate securities (other than the Sponsor Parties) agreed to remain subject to the lock -uprestrictions but will not be required to vote their shares in favor of the Business Combination. Insider Letter Amendment Simultaneously with the execution of the Business Combination Agreement, the Company, Scage, the Sponsor, Pubco, Calvin Kung, Wang Chiu Wong, Chunyi Hao, Tiemei Li, and Sanjay Prasad entered into an amendment (the “Insider Letter Amendment”) to that certain letter agreement, dated November 8, 2021 (the “Insider Letter”), by and among the Company, the Sponsor and the directors, officers or other initial shareholders of the Company named therein, pursuant to which Pubco and Scage are added as parties to the Insider Letter. On January3, 2025, the Sponsor consummated a distribution of its assets in accordance with its governing documents, which included the distribution of 4,237,499 Finnovate Class A Ordinary Shares, 1 Finnovate Class