Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 43

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 43
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 or officers. No prior conflicts xvii or affiliate relationship existed between members of the Finnovate Board and management, on the one hand, and Scage International, on the other hand. As such, an opinion was not required under the Finnovate Articles. However, the Finnovate Board obtained a fairness opinion from ValueScope, Inc. (“ValueScope”), dated June17, 2024, which provided that, as of that date and based on and subject to the assumptions, limitations, qualifications and other conditions set forth therein, Scage International’s enterprise value in the Business Combination of US$800,000,000 was fair, from a financial point of view, to the shareholders of Finnovate. Finnovate obtained such fairness opinion to (i) inform themselves with respect to all material information reasonably available to them and (ii) act with appropriate care in considering the Business Combination. See the section of this proxy statement/prospectus entitled “Proposal No. 2: The Business Combination Proposal—Opinion of ValueScope, the Finnovate Board’s Financial Advisor” for additional information. Q. What equity stake will current Finnovate Public Shareholders, the Finnovate Initial Shareholders and the Scage International shareholders and their affiliates hold in PubCo immediately after the completion of the Business Combination? A.Upon the completion of the Business Combination, assuming among other things, that no Finnovate Public Shareholders exercise redemption rights with respect to their Finnovate Public Shares upon completion of the Business Combination (prior to giving effect to any warrant exercises), Finnovate Public Shareholders, the Sponsor Parties, and the Scage International shareholders will own approximately 1.2%, 0.4% and 92.7% of the outstanding shares of PubCo, respectively, such percentages calculated assuming that Scage International’s shareholders receive approximately 67,482,417 PubCo Ordinary Shares, represented by the PubCo ADSs, derived from the shares outstanding and weighted average shares outstanding as presented in the pro forma combined financial statements (after rounding adjustment). If any of Finnovate Public Shareholders exercise their redemption rights, the percentage of PubCo’s outstanding Ordinary Shares, represented by PubCo ADSs, held by Finnovate Public Shareholders will decrease and the percentages of PubCo’s outstanding Ordinary Shares held by the Initial Shareholders and PubCo Ordinary Shares, represented by PubCo ADSs, held by Scage International’s shareholders and their affiliates will increase, in each case relative to the percentage held if none