Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 296

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 296
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the “First Merger”), with Scage International surviving the First Merger as a wholly -ownedsubsidiary of PubCo and the outstanding securities of Scage International being 128 converted into the right to receive securities of PubCo; and (b) immediately following the First Merger, Merger Sub II will merge with and into Finnovate (the “Second Merger”, and together with the First Merger, the “Mergers”), with Finnovate surviving the Second Merger as a wholly -ownedsubsidiary of PubCo and the outstanding securities of Finnovate being converted into the right to receive securities of PubCo. Consideration Under the Business Combination Agreement, the Aggregate Merger Consideration Amount to be paid to the shareholders of Scage International is US$800,000,000, subject to adjustment for net debt, and will be paid entirely in newly issued ordinary shares of PubCo in the form of PubCo ADSs, with each share valued at the Per Share Price. On the Closing Date and immediately prior to the First Merger Effective Time, each Company Preferred Share that is issued and outstanding immediately prior to the First Merger Effective Time shall be cancelled in exchange for the right to receive a number of Company Ordinary Shares at the then effective conversion rate (the “Conversion”). As a result of the Mergers, (a) each of the ordinary shares of Scage International that are issued and outstanding immediately prior to the First Merger Effective Time and after the Conversion shall be cancelled and converted into the right to receive 100% of such number of ordinary shares of PubCo equal to the Exchange Ratio in the form of PubCo ADSs; (b) each of the convertible securities of Scage International, to the extent then outstanding and unexercised immediately prior to the First Merger Effective Time, shall automatically be assumed by PubCo and converted into a convertible security of PubCo; (c) each Finnovate Ordinary Share that is issued and outstanding immediately prior to the Effective Time, other than those held by Insiders, shall be cancelled and converted automatically into the right to receive one PubCo ADS; (d) each Finnovate Ordinary Share that is issued and outstanding immediately prior to the Effective Time held by Insiders shall be cancelled and converted automatically into the right to receive one PubCo Ordinary Share; and (e) each outstanding Purchaser Public Warrant and Purchaser Private Warrant shall be converted into one PubCo Public Warrant and one PubCo Private Warrant, respectively