Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 323

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 323
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 counted towards the quorum requirement but will not have an effect on the Organizational Documents Advisory Proposals. Based on the terms and provisions contained in the Existing Organizational Documents and the Cayman Companies Act, assuming that Finnovate’s Sponsor Parties vote their Founder Shares in favor of the Business Combination Proposal and all other proposals being presented at the Meeting, if only the minimum quorum of 2,618,897 Finnovate Ordinary Shares issued and outstanding as of the Record Date are voted at the Meeting, then, in addition to the Finnovate Ordinary Shares held by the Sponsor Parties, Finnovate would need 1,028,296 Finnovate Class A Ordinary Shares, or approximately 20.7% of the 4,956,638 Finnovate Ordinary Shares not held by the Sponsor Parties outstanding as of the Record Date to be voted in favor of the Organizational Documents Advisory Proposals in order for the Organizational Documents Advisory Proposals to be approved. If all holders of the 5,327,792 Finnovate Ordinary Shares issued and outstanding as of the Record Date are voted at the Meeting, then, in addition to the Finnovate Ordinary Shares held by the Sponsor Parties, Finnovate would need 2,337,743 Finnovate Class A Ordinary Shares, or approximately 47.1% of the 4,956,638 Finnovate Ordinary Shares not held by the Sponsor Parties outstanding as of the Record Date to be voted in favor of the Organizational Documents Advisory Proposals in order for the Organizational Documents Advisory Proposals to be approved. The Sponsor has agreed to vote any of its Finnovate ordinary shares owned by it in favor of each of the Organizational Documents Advisory Proposals. Recommendation of the Finnovate Board THE FINNOVATE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT FINNOVATE SHAREHOLDERS VOTE “FOR” THE APPROVAL OF EACH OF THE ORGANIZATIONAL DOUCUMENTS ADVISORY PROPOSALS. 143 PROPOSAL SIX—THE PUBCO DIRECTOR ELECTION PROPOSAL Effective upon the Closing, the PubCo Board will consist of seven (7) directors, comprised of: (i) two (2) persons that are designated by Finnovate prior to the Closing and approved by Scage International as independent directors in accordance with Nasdaq rules, (ii) five (5) persons that are designated by Scage International prior to the Closing and approved by Finnovate,