Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 4

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 4
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 Stock Market (“Nasdaq”) under the symbols “SCAG” and “SCAGW,” respectively, and the Finnovate Units, Finnovate Class A Ordinary Shares, and Finnovate Public Warrants will cease trading on the OTC Markets and will be deregistered under the Securities Exchange Act of 1934, as amended, upon the consummation of the Business Combination. Scage International is an exempted company with limited liability incorporated under the laws of the Cayman Islands with no substantive operations. Scage International carries out its business in China through its PRC subsidiaries, including Nanjing Scage Auto Technology Co., Ltd., a company incorporated under the laws of the PRC with limited liability (“Nanjing Scage”). Scage International faces various legal and operational risks and uncertainties related to doing business in China. Scage International is subject to complex and evolving laws and regulations in China. The PRC government has indicated an intent to exert more oversight and control over offerings that are conducted overseas and/or foreign investment in China -basedissuers, and initiated various regulatory actions and made various public statements, including cracking down on illegal activities in the securities market, enhancing supervision over China -basedcompanies listed overseas, adopting new measures to extend the scope of cybersecurity reviews, and expanding efforts in anti -monopolyenforcement. For example, Scage International may face risks associated with regulatory approvals on overseas offerings and oversight on cybersecurity and data privacy, which may impact Scage International’s ability to conduct certain business, accept foreign investments, or list and conduct offerings on a U.S. or other foreign stock exchanges. These risks could result in a material adverse change in Scage International’s operations, and following the completion of the Business Combination, significantly limit or completely hinder PubCo’s ability to offer or continue to offer securities to investors, or cause the value of such securities to significantly decline or be worthless. See “Risk Factors—Risks Related to Doing Business in China.” Scage International is, and following the completion of the Business Combination, PubCo will be, subject to a number of prohibitions, restrictions and potential delisting risks under the Holding Foreign Companies Accountable Act, as amended (the “HFCAA”). Pursuant to the HFCAA and related regulations, if PubCo has filed an audit report issued by a registered public accounting firm that the Public Company Accounting Oversight Board (the “PCAOB”) has determined that it is unable to inspect and investigate completely, the Securities and Exchange Commission (the “SEC”) will identify