Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 123

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 123
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 for failure to comply with relevant requirements for this offering and our future capital raising activities.” •Recent greater oversight by the CAC over data security, particularly for companies seeking to list on a foreign exchange, could significantly limit or completely hinder the ability of Scage International and PubCo following the Business Combination in capital raising activities. See “Risk Factors—Risks Related to Doing Business in China—Recent greater oversight by the CAC over data security, particularly for companies seeking to list on a foreign exchange, could significantly limit or completely hinder the ability of Scage International and PubCo following the Business Combination in capital raising activities.” •The development of the PRC legal system and changes in the interpretation and enforcement of PRC laws, regulations and policies in China could materially and adversely affect us and cause PubCo’s securities to significantly decline in value or become worthless. Enforcement of laws and rules and regulations in China may change with little advance notice. See “Risk Factors—Risks Related to Doing Business in China—The development of the PRC legal system and changes in the interpretation and enforcement of PRC laws, regulations and policies in China could materially and adversely affect us and cause PubCo’s securities to significantly decline in value or become worthless.” Risks Related to the Business Combination and Finnovate •The consummation of the Business Combination is subject to a number of conditions, and if those conditions are not satisfied or waived, the Business Combination Agreement may be terminated in accordance with its terms and the Business Combination may not be completed. •The Sponsor Parties may exert a substantial influence as to whether the proposals presented at the Meeting, including the Business Combination Proposal, are approved, potentially in a manner that Public Shareholders do not support. •Since the Sponsor and Finnovate’s directors and officers have interests that are different, or in addition to (and which may conflict with), the interests of Finnovate’s shareholders, a conflict of interest may have existed in determining whether the Business Combination with Scage International is appropriate as Finnovate’s initial business combination. Such interests include that the Sponsor will lose its entire investment in Finnovate if the Business Combination is not completed. •The exercise of Finnovate’s directors’ and executive officers’ discretion in agreeing to changes or waivers in the terms of the Business Combination may result in a conflict of interest when determining whether such changes to the terms of the Business Combination or waivers of conditions are appropriate and in Finnovate’s shareholders’ best interest. 26 •Finnovate’s independent registered public accounting firm