Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 444

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 444
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,557,206 |   |     |  (5,977,964 | ) |     |     |     |  30,412,133 |   |     |      (10,106,611 | ) |     |    |     |  20,305,522 |   |

Unaudited Pro Forma Condensed Combined Balance Sheet Adjustments The pro forma adjustment to the unaudited pro forma condensed combined balance sheet consists of the following: ____________ (A)Derived from the unaudited balance sheet of Finnovate as of June 30, 2024. (B)Derived from the audited balance sheet of Scage as of June 30, 2024. (1)Reflects the release of cash from investment held in the Trust Account as of November 4, 2024, including trust account balance of US$25,736,479 as of June 30, 2024, interest income US$379,248 earned from July 1, 2024 to November 4, 2024, and extension payments of US$150,000 deposited into the trust account from May 2024 Promissory Note. (2)Reflects future cash payment of US$8.1 million upon consummation of Business Combination and reduction of deferred offering costs of US$598,527, which was already reflected on Scage’s historical balance sheet. Future cash payments include transaction costs of US$0.8 million ($0.2 million to be expensed and $0.6 million to be capitalized) and US$7.3 million to be paid by Scage and Finnovate, respectively, in relation to the Business Combination and Private Placement, including advisory, banking, printing, legal and accounting services). US$7.3million transaction costs to be paid by Finnovate mainly includes (i) extension note payable and accrued expenses and other current liabilities that already are reflected on Finnovate’s historical balance sheet (US$1.1million of extension note payable from June 2023 Promissory Note, US$75,000 of extension note payable from May 2024 Promissory Note and US$1.7million of Accrued expenses and other current liabilities); (ii) transaction fees that have not been reflected on Finnovate’s historical balance sheet (US$4.3million of transaction expenses to be paid relates to de -spacprocess, the remaining US$150,000 (“May