Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 407

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 407
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 Finnovate Public Shares and Liquidation if No Initial Business Combination We have until May8, 2025 (unless extended by Finnovate’s shareholders, or such earlier time as the Finnovate Board determines) to complete our initial business combination. If we are unable to complete our initial business combination by such time, we will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Finnovate Public Shares, at a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the trust account, including accrued interest (less up to US$100,000 of interest to pay dissolution expenses, which interest shall be net of taxes payable) divided by the number of then issued and outstanding Finnovate Public Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and the Finnovate Board, liquidate and dissolve, subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to the Finnovate Warrants, which will expire worthless if we fail to complete our initial business combination within the required time period. Our initial shareholders have entered into a letter agreement with us, pursuant to which they have waived, for no consideration, their rights to liquidating distributions from the trust account with respect to their founders shares if we fail to complete our initial business combination within the required time period. However, if our initial shareholders acquire Finnovate Public Shares, they will be entitled to liquidating distributions from the trust account with respect to such Finnovate Public Shares if we fail to complete our initial business combination within the allotted time frame. The Sponsor and Finnovate’s officers and directors have agreed, pursuant to a letter agreement with us, and EBC has agreed, pursuant to the underwriting agreement relating to the Finnovate IPO, that they will not propose or vote in favor of any amendment to the Finnovate Articles (A) that would affect our public shareholders’ ability to convert or sell their shares to us in connection with a business combination as described herein or to modify the substance or timing the redemption rights provided to shareholders as described in the Finnov