Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 193

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 193
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 In the event that the Company does not complete an initial business combination by May8, 2025 (unless extended by Finnovate’s shareholders, or such earlier time as the Finnovate Board determines), the Sponsor Parties may lose their entire investment in Finnovate. The Sponsor Parties have invested in Finnovate an aggregate of US$8,268,038, comprised of the $25,000 purchase price for the Founder Shares and the $8,243,038 purchase price for the Private Warrants. Assuming a trading price of $10.00 per share of PubCo upon consummation of the Business Combination, the 4,299,375 PubCo Ordinary Shares held by the Sponsor Parties and their distributees following the Closing would have an aggregate implied value of approximately $43million at that time. Even if the trading price of the PubCo Ordinary Shares were as low as approximately $1.92 per share, the value of such PubCo Ordinary Shares would 70 be equal to the Sponsor Parties’ initial investment in Finnovate. If the Business Combination is not completed, however, and if Finnovate is forced to liquidate, the Sponsor Parties (and their distributes) will lose their entire investment in Finnovate. As a result, the Initial Shareholders are likely to be able to recoup their investment in Finnovate and make a substantial profit on that investment, even if the Public Shares have lost significant value. For the foregoing reasons, you should consider the financial incentives that Finnovate’s independent directors may have to approve and complete the Business Combination when evaluating whether vote for the Business Combination Proposal and other proposals, as well as when considering whether to redeem your Public Shares prior to or in connection with the Business Combination. 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. In the period leading up to the Closing, events may occur that, pursuant to the Business Combination Agreement, would require Finnovate to agree to amend the Business Combination Agreement, to consent to certain actions taken by Scage International or to waive rights that Finnovate is entitled to under the Business Combination Agreement. Such events could arise because of changes in the course of Scage International’s business or a request by Scage International to undertake actions that would otherwise be prohibited by the