Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 199

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 199
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 and Exchange Act of 1934 on Form 25 with the Securities and Exchange Commission after the applicable Nasdaq review and appeal periods have lapsed, which will occur on or about December23, 2024, which is approximately 45 days following issuance of the delisting notice. While the parties have determined not to appeal the delisting notice, the Nasdaq Listing and Hearing Review Council may, on its own motion, determine to review any decision within 45 days following the written decision. In all cases, Finnovate and Scage Future are diligently working to satisfy or waive applicable closing conditions to complete the Business Combination and to effect trading of PubCo on Nasdaq as soon as practicable. There can be no assurance that the Trading Suspension will be lifted prior to the Closing. Although the parties intend to complete the Business Combination as soon as practicable, it is uncertain if PubCo will be able to meet Nasdaq’s initial listing requirements to list its securities on Nasdaq. If Nasdaq files a Form25, completing the delisting process for Finnovate Ordinary Shares prior to the consummation of the Business Combination, and such event materially impacts the parties’ ability to complete the Business Combination on the terms thereof or PubCo’s ability to list on a national securities exchange, Finnovate will promptly file a Current Report on Form 8 -Kto report such event, with sufficient advance notice prior to the consummation of the Business Combination for shareholders to make an investment decision with respect to their shares. 73 Additionally, the Finnovate IPO Prospectus was declared effective by the SEC on November3, 2021. Pursuant to our Amended and Restated Charter, Finnovate has until or May8, 2025 (or such earlier time as the Finnovate Board determines) to consummate our initial Business Combination. However, the new Nasdaq Rules (as defined below) provide that SPACs (such as Finnovate) must satisfy certain listing conditions, including that a SPAC must complete one or more Business Combinations within 36months of the effectiveness of its initial public offering registration statement (the “36 -MonthRequirement”). If a SPAC does not meet the 36 -MonthRequirement, it will be subject to a suspension of trading and delisting from Nasdaq. Under the previous Nasdaq rule, a SPAC that was not in compliance with the 36 -MonthRequirement could request a hearing before the Panel, which would have the effect of staying any potential delisting.