Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 406

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 406
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November 2024 Note”) in the aggregate principal amount of up to US$259,588 to the Sponsor, which will be deposited into the Trust Account for the benefit of each Public Share that was not redeemed in connection with the November 2024 Extension. We will deposit US$43,264.60 per month into the Trust Account, which equates to approximately US$0.05 per remaining Public Share, for each calendar month (commencing on November 8, 2024 and ending on the 7 thday of each subsequent month) until May 8, 2025, or portion thereof, that is needed to complete an initial business combination, for up to an aggregate of US$259,588. As of January 6, 2025, the Company had deposited US$86,670 (including US$140.80 of applicable interest) into the Company’s Trust Account. 200 Sponsor Distribution On January 3, 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 B Ordinary Share and 8,243,038 Finnovate Private Warrants then held by the Sponsor to its constituent members (the “Sponsor Distribution”). Following the Sponsor Distribution, the Sponsor no longer holds any Finnovate securities acquired by the Initial Shareholders. As of the Record Date, Sunorange Limited has voting and dispositive power over one (1) Finnovate Class B Ordinary Share. In the Sponsor Distribution, Mr. Kung received 25,000 Finnovate Class A Ordinary Shares, Mr. Wong received 226,153 Finnovate Class A Ordinary Shares, of which 15,000 Class A Ordinary Shares were distributed to Mr. Wong in his personal capacity and 211,153 Class A Ordinary Shares were distributed to Sun Tone Limited, for which Mr. Wong is sole owner and director. Mr. Wong also received 464,964 Private Warrants through Sun Tone Limited. As general partner of the Sponsor, Sunorange coordinates and authorizes the Sponsor’s financing arrangements with Finnovate, including all loans provided to Finnovate. It has also contributed significant capital at risk as lender to Finnovate of approximately US$2.4 million under the June 2023 Note, the November 2023 Note and the November 2024 Note, as described elsewhere in this proxy statement/prospectus. Redemption of