Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 107

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 107
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 and to achieve its near -termgoals. Such financings would ensure that Finnovate can complete its mission to consummate a business combination, and for Finnovate’s shareholders to realize their investment in the combined company. Finnovate also considered potential dilution from the financings as a potential negative aspect to Finnovate shareholders. In reaching its decision to approve the financing transactions in connection with the Business Combination, the Scage International Board consulted with Scage International’s management and advisors and considered a wide variety of factors, including the significant factors listed here as generally supporting its decision: greater liquidity and more capital resource for Scage International to expand its business and less dilution to the SPAC’s shareholders. The Scage International Board also considered a variety of risks and potentially negative factors, including the following: the dilutive effect on the existing shareholders of Scage International and the additional costs and expenses that Scage International will incur in connection with the financing transactions. After considering the various potentially positive and negative factors, including the foregoing, the Scage International Board determined that, in the aggregate, the potential benefits of the financing transactions outweigh their risks and uncertainties. For additional information regarding dilutive impacts, see “Questions and Answers about the Business Combination and the Extraordinary General Meeting—Q: What equity stake will current Finnovate Public Shareholders, the Sponsor and the Scage International shareholders and their affiliates hold in PubCo immediately after the completion of the Business Combination?—Dilution”. Foreign Private Issuer PubCo is and, following the Business Combination, will be a foreign private issuer within the meaning of the rules under the Exchange Act. As such, PubCo is exempt from certain provisions of the securities rules and regulations in the United States that are applicable to U.S. domestic issuers, such as the rules regulating solicitation of proxies and certain insider reporting and short -swingprofit rules. Moreover, the information PubCo is required to file with or furnish to the SEC will be less extensive and less timely compared to that required to be filed with the SEC by U.S. domestic issuers. In addition, as a company incorporated in the Cayman Islands, PubCo is permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from the corporate governance standards of the Nasdaq Stock Market. PubCo currently intends to follow Cayman Islands corporate governance practices in lieu of the corporate governance standards of the Nasdaq Stock Market that listed companies must, among others: (1) have a compensation committee or a nominating and