Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 312

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 312
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 directors may be incentivized to complete a business combination with a less favorable target company or on terms less favorable to the Public Shareholders rather than to liquidate, in which case the Sponsor would lose its entire investment. As a result, the Sponsor Parties and Finnovate’s officers and directors may have a conflict of interest in determining whether Scage International is an appropriate business with which to effectuate a business combination and/or in evaluating the terms of the Business Combination.

136 Vote Required for Approval The consummation of the Business Combination will require an ordinary resolution, being a resolution passed by a majority of the votes which are cast by those holders of Finnovate Ordinary Shares who, being entitled to do so, vote in person or by proxy at the Meeting. Abstentions and broker non -voteswill be counted towards the quorum requirement but will not have an effect on the Business Combination Proposal. Based on the terms and provisions contained in the Existing Organizational Documents and the Cayman Companies Act, assuming that Finnovate’s Sponsor Parties vote their Founder Shares in favor of the Business Combination Proposal and all other proposals being presented at the Meeting, if only the minimum quorum of 2,618,897 Finnovate Ordinary Shares issued and outstanding as of the Record Date are voted at the Meeting, then, in addition to the Finnovate Ordinary Shares held by the Sponsor Parties, Finnovate would need 1,028,296 Finnovate Class A Ordinary Shares, or approximately 20.7% of the 4,956,638 Finnovate Ordinary Shares not held by the Sponsor Parties outstanding as of the Record Date to be voted in favor of the Business Combination Proposal in order for the Business Combination Proposal to be approved. If all holders of the 5,327,792 Finnovate Ordinary Shares issued and outstanding as of the Record Date are voted at the Meeting, then, in addition to the Finnovate Ordinary Shares held by the Sponsor Parties, Finnovate would need 2,337,743 Finnovate Class A Ordinary Shares, or approximately 47.1% of the 4,956,638 Finnovate Ordinary Shares not held by the Sponsor Parties outstanding as of the Record Date to be voted in favor of the Business Combination Proposal in order for the Business Combination Proposal to be approved. Unless the NTA Proposal is approved, the Business Combination will not be consummated if, upon consummation of the Business Combination, Finnovate has less than US$5,000,001 of net