Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 10

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 10
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 including the Sponsor and any directors and officers as of the date the parties initially entered into the Business Combination Agreement, would be worthless because Finnovate’s Initial Shareholders are not entitled to participate in any redemption or distribution with respect to such shares (although the Founder Shares have certain rights that differ from the rights of holders of the Finnovate Public Shares, the aggregate value of such shares is estimated to be approximately US$50.1 million, assuming the per share value of the shares is the same as the US$11.62 closing price of the Finnovate Public Shares on the Nasdaq on November11, 2024, despite having been purchased for an aggregate of US$25,000). As a result, Finnovate’s Initial Shareholders are likely to be able to recoup their investment in Finnovate and make a substantial profit on that investment, even if PubCo Ordinary Shares have lost significant value. This means that Finnovate’s Initial Shareholders, including the Sponsor, Finnovate’s directors and officers, could earn a positive rate of return on their investment, even if Finnovate Public Shareholders experience a negative rate of return in the post -businesscombination company. As of January3, 2025, all of the Founder Shares have been distributed to the Sponsor’s constituent members and Finnovate’s Sponsor, directors and officers and their affiliates collectively own 281,154 Founder Shares. •The Sponsor purchased an aggregate of 8,243,038 Private Warrants for an aggregate amount of US$8,243,038 simultaneously with the consummation of the Finnovate IPO. Although such securities have certain rights that differ from the rights of holders of the Public Warrants, the Private Warrants had an aggregate market value of approximately US$156,617 based upon the closing price of Finnovate’s Public Warrants of US$0.019 per warrant on Nasdaq as of November11, 2024. If Finnovate is unable to complete a business combination by May8, 2025 (unless extended by Finnovate’s shareholders, or

such earlier time as the Finnovate Board determines), the Private Warrants will expire worthless and the Sponsor will be unable to recoup its investment in Finnovate. As of January3, 2025, all of the Private Warrants have been distributed to the Sponsor’s constituent members and Finnovate’s Sponsor, directors and officers and their affiliates collectively own 464,964 Private Warrants. •The fact that