Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 185

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 185
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 proposals presented to Finnovate’s shareholders at the Meeting. In addition, until the consummation of the Business Combination or another initial business combination, only holders of Class B Ordinary Shares may vote to appoint or remove directors. Accordingly, the Sponsor Parties may exert a substantial influence on the outcome of the proposals presented at the Meeting, including the proposal to approve the Business Combination, potentially in a manner that is not supported by some or all of the Finnovate Public Shareholders. If the Sponsor Parties purchase Finnovate Class A Ordinary Shares prior to the Record Date for the Meeting, this would increase their control. None of the Sponsor Parties, officers or directors have any commitments or agreements to purchase additional Finnovate securities or, to Finnovate’s knowledge, has any current intention to purchase additional securities. Additionally, is likely that all of Finnovate’s current directors will continue in office until the consummation of the Business Combination (which they have agreed to do pursuant to the Insider Letter Agreement), unless any such director resigns or is removed or replaced by the holders of Finnovate’s Class B Ordinary Shares. Accordingly, the Sponsor will continue to exert a substantial influence at least until the consummation of the Business Combination. Since the Sponsor, Finnovate’s directors and officers and Scage International’s directors and officers have interests that are different, or in addition to (and which may conflict with), the interests of Finnovate’s shareholders and Scage International’s shareholders, a conflict of interest may have existed in determining whether the Business Combination with Scage International is appropriate as Finnovate’s initial business combination. Such interests include that the Sponsor will lose its entire investment in Finnovate if the Business Combination is not completed. When you consider the recommendation of the Finnovate Board in favor of approval of the Business Combination Proposal, you should keep in mind that the Sponsor, Finnovate’s directors and officers and Scage International’s directors and officers have interests in such proposal that are different from, or in addition to, those of Finnovate’s security holders and Scage International’s shareholders generally. These interests include, among other things: •If the Business Combination with Scage International or another business combination is not consummated by May8, 2025 (unless extended by Finnovate’s shareholders, or such earlier time as the Finnovate Board determines), Finnovate will cease all operations except for the purpose of winding up, redeeming 100% of the issued and outstanding Finnovate Public Shares