Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 48

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 48
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’s ordinary shares and preferred shares held by Scage International’s shareholders. (5)Including (i) 648,969 PubCo Ordinary Shares, represented by PubCo ADSs, in exchange for the Finnovate Ordinary Shares held by public shareholders, and (ii) 12,937,500 PubCo Ordinary Shares, represented by PubCo ADSs, to be issued upon the exercise of the assumed Public Warrants. (6)Including (i) 432,646 PubCo Ordinary Shares, represented by PubCo ADSs, in exchange for the Finnovate Ordinary Shares held by public shareholders, and (ii) 12,937,500 PubCo Ordinary Shares, represented by PubCo ADSs, to be issued upon the exercise of the assumed Public Warrants. (7)Including (i) 216,323 PubCo Ordinary Shares, represented by PubCo ADSs, in exchange for the Finnovate Ordinary Shares held by public shareholders, and (ii) 12,937,500 PubCo Ordinary Shares, represented by PubCo ADSs, to be issued upon the exercise of the assumed Public Warrants.

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(8)Including 12,937,500 PubCo Ordinary Shares, represented by PubCo ADSs, to be issued upon the exercise of the assumed Public Warrants. (9)Calculation of implied per share value assumes an enterprise value of US$800million of Scage International upon consummation of the Business Combination. (10)Excluding redeemable PubCo Ordinary Shares, represented by PubCo ADSs, held by public shareholders. The calculations in the paragraphs above reflect certain qualifications and assumptions. See “Unaudited Pro Forma Condensed Combined Financial Information.” Dilution Dilution per share to the original investors in Finnovate is determined by its net tangible book value per share, as adjusted, while excluding the Business Combination, while giving effect to material probable or consummated transactions and other material effects on Finnovate’s net tangible book value per share, from the initial public offering price per share paid by original investors in Finnovate as set forth as follows under the five redemption scenarios:

| Number of shares                                                      
 Finnovate public shares                                               
 Finnovate Founder Shares                                              
 Finnovate Shares held by EBC                                          
 Total Finnovate’s shares outstanding as of June 30, 2024              
 Adjusted for: the November 2024 redemption of 1,383,214 shares        
 Total Finnovate’s shares outstanding as of