Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 325

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 325
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Yuanchi Guo; •Ziqian Guan; •Qiuliang Peng; •Kevin Chen; •Calvin Kung; and •Yixian Wang.” The Sponsor has agreed to vote any of its Finnovate ordinary shares owned by it in favor of thePubCo Director Election Proposal. Recommendation of the Finnovate Board THE FINNOVATE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT FINNOVATE SHAREHOLDERS VOTE “FOR” THE APPROVAL OF THE PUBCO DIRECTOR ELECTION PROPOSAL. 144 PROPOSAL SEVEN—THE ADJOURNMENT PROPOSAL The Adjournment Proposal, if adopted, will allow the Finnovate Board to adjourn the Meeting to a later date or dates, if necessary or desirable, at the determination of the Finnovate Board. In no event will the Finnovate Board adjourn the Meeting or consummate the Business Combination beyond the date by which it may properly do so under the Finnovate Articles and Cayman Islands law. Consequences if the Adjournment Proposal is not Approved If the Adjournment Proposal is not approved by Finnovate shareholders, the Finnovate Board may not be able to adjourn the Meeting to a later date in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Business Combination Proposal or any other Proposal. Vote Required for Approval The approval of the Adjournment Proposal will require an ordinary resolution, being a resolution passed by a majority of the votes which are cast by those holders of Finnovate Ordinary Shares who, being entitled to do so, vote in person or by proxy at the Meeting. Adoption of the Adjournment Proposal is not conditioned upon the adoption of any of the other proposals. Based on the terms and provisions contained in the Existing Organizational Documents and the Cayman Companies Act, assuming that Finnovate’s Sponsor Parties vote their Founder Shares in favor of the Business Combination Proposal and all other proposals being presented at the Meeting, if only the minimum quorum of 2,618,897 Finnovate Ordinary Shares issued and outstanding as of the Record Date are voted at the Meeting, then, in addition to the Finnovate Ordinary Shares held by the Sponsor Parties, Finnovate would need 1,028,296 Finnovate Class A Ordinary Shares, or approximately 20.7% of the 4,956,638 Finnovate Ordinary Shares not held by the Sponsor Parties outstanding