Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 481

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 481
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 |     |                   Expenses paid on behalf of the Company by a related party |     |                       11,855 |     |       — |
| Mr. Linfang Dong                                |     |                                              Borrowing from a related party |     |                            — |     |       — |
|                                                 |     |                                                       Repayment of the loan |     |                            — |     |  11,505 |
| Scage Future                                    |     |                              Advance to related parties for daily operation |     |                       39,489 |     |       — |

As of June 30, 2024 and 2023, Scage International had amounts due from related parties of US$39.5 thousand and US$280.6 thousand, respectively, and amounts due to related parties of US$238.9 thousand and US$638.1 thousand, respectively.

245 U.S. FEDERAL INCOME TAX CONSIDERATIONS Material U.S. Federal Income Tax Considerations This section describes the material U.S. federal income tax considerations for beneficial owners of ordinary shares of Finnovate (“Finnovate Ordinary Shares”), warrants of Finnovate (“Finnovate Warrants”) (collectively with Finnovate Ordinary Shares, the “Finnovate securities”), and Company Ordinary Shares (including those converted from Company Preferred Shares in the Conversion) (i) electing, in the case of beneficial owners of Finnovate Ordinary Shares, to have their Finnovate Ordinary Shares redeemed for cash if the Business Combination is completed, (ii) of the Business Combination and (iii) of the ownership and disposition of PubCo ADSs and Assumed Warrants acquired pursuant to the Business Combination. This discussion applies only to Finnovate securities, Company Ordinary Shares, PubCo ADSs and Assumed Warrants held as capital assets for U.S. federal income tax purposes (generally, property held for investment) and does not discuss all aspects of U.S. federal income taxation that might be relevant to holders in light of their particular circumstances or status, including alternative minimum tax and Medicare contribution tax consequences, or holders who are subject to special rules, including: •brokers, dealers and other investors that do not own their Finnovate securities, Company Ordinary Shares, PubCo ADSs or Assumed Warrants as capital assets; •traders in securities that elect to use a mark -to -marketmethod of accounting for their securities holdings; •tax -exemptorganizations, qualified retirement plans, individual retirement accounts or other