Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 56

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 56
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 purchased by EBC at a price of US$1.00 per Finnovate Private Warrant, which warrants will be worthless if a business combination is not consummated. Although the Finnovate Private Warrants have certain rights that differ from the rights of holders of the Finnovate Public Warrants, the aggregate value of the 556,962 Finnovate Private Warrants held by EBC or its designees is estimated to be approximately US$10,582, assuming the per warrant value of the Finnovate Private Warrants is the same as the closing price of US$0.019 of the Finnovate Public Warrants on November11, 2024, and the aggregate value of the Representative Shares is estimated to be approximately US$1.74million, assuming the per share value of the Representative Shares is the same as the closing price of US$11.62 of the Finnovate Public Shares on November11, 2024. •3A Partners is entitled to a fee equal to 0.05% of the implied enterprise value of Scage International, or US$400,000, payable in cash (or, with consent of the 3A Partners, in equity) upon the consummation of the Business Combination. Accordingly, 3A Partners has an interest in Finnovate completing the Business Combination because, if the Business Combination (or another business combination) is not consummated, 3A Partners will not receive such fee. Additionally, an affiliate of 3A Partners is entitled to a fee of US$10,000 per month, as well as expenses, which as of June30, 2024 amounted to approximately US$64,800. Pursuant to the BCMA, upon consummation of the Business Combination, a transaction fee equal to US$3,018,750 in cash, convertible note or a combination of both (at the option of Finnovate) is payable to EBC. The following table illustrates the effective transaction fee on a percentage basis for public shares in the no redemption, 25%redemption, 50% redemption, 75% redemption and maximum redemption scenarios.

|                                      |     |    Assuming 
          No 
 Redemptions |   |     |    Assuming 
         25% 
 Redemptions |   |     |    Assuming 
         50% 
 Redemptions |   |     |    Assuming 
         75% 
 Redemptions |   |     |    Assuming 
 Contract