Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 189

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 189
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ponsor Distribution”). Following the Sponsor Distribution, the Sponsor no longer holds any Finnovate securities acquired by the Initial Shareholders. As of the Record Date, Sunorange Limited has voting and dispositive power over one (1) Finnovate Class B Ordinary Share. In the Sponsor Distribution, Mr.Kung received 25,000 Finnovate Class A Ordinary Shares, Mr.Wong received 226,153 Finnovate Class A Ordinary Shares, of which 15,000 Class A

68 Ordinary Shares were distributed to Mr.Wong in his personal capacity and 211,153 Class A Ordinary Shares were distributed to Sun Tone Limited, for which Mr.Wong is sole owner and director. Mr.Wong also received 464,964 Private Warrants through Sun Tone Limited. As general partner of the Sponsor, Sunorange coordinates and authorizes the Sponsor’s financing arrangements with Finnovate, including all loans provided to Finnovate. It has also contributed significant capital at risk as lender to Finnovate of approximately $2.4million under the June 2023 Note, the November 2023 Note and the November 2024 Note, as described above. As consideration for consulting services related to Sunorange’s takeover of the Sponsor, East Stone Capital Limited was granted an indirect beneficial interest in 300,000 Founder Shares through its stake in Jemapellehelene Holding Limited. None of Finnovate’s officers or directors have received any cash compensation for their services. In addition to the interests that Mr. Kung and Mr. Wong hold as described above, each of Finnovate’s directors hold an immaterial interest in the Founder Shares previously held by the Sponsor, totalling 30,000 Founder Shares in the aggregate. In addition, Scage International and its officers and directors have financial interests that are different from, or in addition to, the interests of Scage International’s shareholders: •On January26, 2024, we issued the January 2024 Promissory Note in the aggregate principal amount of up to $1,500,000 to Scage International for our working capital needs. The January 2024 Promissory Note does not bear interest and matures upon the earlier of the closing of our initial business combination and our liquidation. As of November30, 2024, we had US$316,499 outstanding under the January 2024 Promissory Note. If the Business Combination is not consummated, the January 2024 Promissory Note may not be repaid to Sc