Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 314

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 314
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 The Sponsor has agreed to vote any of its Finnovate ordinary shares owned by it in favor of the Business Combination Proposal. Recommendation of the Finnovate Board THE FINNOVATE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE FINNOVATE SHAREHOLDERS VOTE “FOR” THE APPROVAL OF THE BUSINESS COMBINATION PROPOSAL. 137 PROPOSAL THREE—THE MERGER PROPOSAL Overview In connection with the Business Combination, Finnovate’s shareholders are being asked to consider and vote upon, to approve and authorize by special resolution, the Second Merger and the Plan of Merger. The form of the Plan of Merger is attached to this proxy statement/prospectus as Annex B. Reasons for the Merger Proposal The authorization of the Plan of Merger (including, without limitation, (i) the amendment and restatement of the Finnovate Articles by deletion in their entirety and the substitution in their place of the new amended and restated memorandum and articles of association of Finnovate (as the Surviving Entity) and (ii) redesignation of all authorized class A ordinary shares of US$0.0001 par value each of Finnovate as ordinary shares of US$0.0001 par value each of the Surviving Entity, and cancel all of the authorized but unissued class B ordinary shares of US$0.0001 par value each and preference shares of US$0.0001 par value each of Finnovate as contemplated therein) requires the approval of Finnovate’s shareholders as a matter of Cayman Islands laws. Resolution The full text of the resolution to be proposed is as follows: “RESOLVED, as a special resolution, that a proposal to approve and authorize the Second Merger and the plan of merger in connection with the Second Merger, a copy of attached to the accompanying proxy statement/prospectus as Annex B (the “Plan of Merger”), and any and all transactions provided for in the Plan of Merger, including, without limitation, at the effective time of the Second Merger (the “Effective Time”) (a) the amendment and restatement of the Finnovate Articles by deletion in their entirety and the substitution in their place of the new amended and restated memorandum and articles of association of Finnovate (as the Surviving Entity) (the “Surviving Entity Articles”) and (b) the redesignation of all authorized class A ordinary shares of US$0.0001 par