Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 37

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 37
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ised immediately prior to the First Merger Effective Time, shall automatically be assumed by PubCo and converted into a convertible security of PubCo, subject to the same terms and conditions as were applicable to the corresponding former Company Convertible Securities immediately prior to the First Merger Effective Time; (3) every issued and outstanding share of PubCo owned by One Strength Brother Limited, being the only issued and outstanding share in PubCo immediately prior to the First Merger Effective Time, shall be cancelled; and (4) each then issued and outstanding ordinary share of Merger Sub I, par value US$0.0001 per share, shall be converted into and exchanged for one ordinary share of the Surviving Company. At the Effective Time, pursuant to the Second Merger: (1) each issued and outstanding Finnovate Public Unit shall be automatically detached and the holder thereof shall be deemed to hold one Finnovate Class A Ordinary Share and three -quartersof one Finnovate Public Warrant (“Unit Separation”), (2) immediately following the Unit Separation, every issued and outstanding Finnovate Ordinary Share (other than treasury shares held by Finnovate and those shares held by the Insiders and Dissenting Finnovate Shares) immediately prior to the Effective Time shall be cancelled and converted automatically into the right to receive one PubCo ADSs; (3) every issued and outstanding Finnovate Ordinary Share held by the Insiders immediately prior to the Effective Time shall be cancelled by virtue of the Second Merger and converted automatically into the right to receive one PubCo Ordinary Share; (4) pursuant to certain Assignment, Assumption and Amendment to Warrant Agreement, at the Effective Time, each Finnovate Public Warrant shall be converted into one PubCo Public Warrant, and each outstanding Finnovate Private Warrant shall be converted into one PubCo Private Warrant, and each of the PubCo Public Warrants and PubCo Private Warrants (together with PubCo Public Warrants, “Assumed Warrants”) shall have and be subject to substantially the same terms and conditions set forth in the respective Finnovate Public Warrants and Finnovate Private Warrants, except that they shall represent the right to acquire PubCo ADSs or PubCo Ordinary Shares, respectively, in lieu of Finnovate Ordinary Shares; (5) each Finnovate Ordinary Share for which a holder has validly exercised its right of redemption shall be surrendered and cancelled and shall cease to exist; and (6) each then issued and outstanding