Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 205

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 205
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yclaims. Finnovate has not independently verified whether the Sponsor has sufficient funds to satisfy its indemnity obligations and believe that the Sponsor’s only assets are securities of Finnovate. The Sponsor may not have sufficient funds available to satisfy those obligations. Finnovate has not asked the Sponsor to reserve for such obligations, and therefore, no funds are currently set aside to cover any such obligations. As a result, if any such claims were successfully made against the Trust Account, the funds available for Finnovate’s business combination and redemptions could be reduced to less than US$10.20 per Finnovate Public Share. In such event, Finnovate may not be able to complete Finnovate’s business combination, and you would receive such lesser amount per share in connection with any redemption of your Finnovate Public Shares. None of Finnovate’s directors or officers will indemnify Finnovate for claims by third parties including, without limitation, claims by vendors and prospective target businesses. Additionally, if Finnovate is forced to file a bankruptcy case or an involuntary bankruptcy case is filed against Finnovate which is not dismissed, or if Finnovate otherwise enters compulsory or court supervised liquidation, the proceeds held in the Trust Account could be subject to applicable bankruptcy law, and may be included in Finnovate’s bankruptcy estate and subject to the claims of third parties with priority over the claims of Finnovate’s shareholders. To the extent any bankruptcy claims deplete the Trust Account, Finnovate may not be able to return to Finnovate Public Shareholders US$ 11.85per share, net of taxes payable (which is the approximate amount per Finnovate Public Share based on the Trust Account balance as of the Record Date). Finnovate has access to minimal funds held outside 76 the Trust Account with which to pay any such potential claims (including costs and expenses incurred in connection with our liquidation, currently estimated to be no more than approximately US$100,000). In the event that Finnovate liquidates, and it is subsequently determined that the reserve for claims and liabilities is insufficient, shareholders who received funds from our Trust Account could be liable for claims made by creditors, however such liability will not be greater than the amount of funds from our Trust Account received by any such shareholder. Past performance by any member or members of our management team or the Sponsor or any of their respective affiliates may not be indicative of future performance of an investment in Finnovate or PubCo. Past performance by any