Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 287

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 287
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 •A review of information relating to Scage’s industry and similar companies; and •A review of pricing data of comparable guideline companies existing as of June30, 2023. For the Second Opinion, ValueScope’s analysis conducted additional procedures not necessarily limited to, the following: •A review of a draft of the First Amendment to the Business Combination Agreement by and among Finnovate Acquisition Corp., as Purchaser, Scage Future, as PubCo, Hero1, as First Merger Sub, Hero2, as Second Merger Sub, and Scage International Limited, as the Company; •A review of pricing data of comparable guideline companies existing as of December31, 2023. 123 Assumptions ValueScope relied upon and assumed, without independent verification, the accuracy and completeness of all data, materials and other information furnished, or otherwise made available, to it, discussed with or reviewed by it, or publicly available, and did not assume any responsibility with respect to such data, material and other information. For purposes of its Initial Opinion, with Finnovate’s consent, ValueScope assumed that the Aggregate Merger Consideration Amount per the Business Combination Agreement would have a value equal to US$1,000,000,000 minus the net debt amount at Closing, subject to adjustment as provided by the Business Combination Agreement, which adjustment ValueScope assumed would not be material to its analyses or opinions. For purposes of its Second Opinion, with Finnovate’s consent, ValueScope assumed that the Aggregate Merger Consideration Amount would have a value equal to US$800,000,000 minus the net debt amount at Closing, subject to adjustment as provided by the Business Combination Agreement, which adjustment ValueScope assumed would not be material to its analyses or opinion. ValueScope relied upon and assumed, without independent verification, that there had been no change in the business, assets, liabilities, financial condition, results of operations, cash flows or prospects of Scage or Finnovate since the respective dates of the most recent financial statements and other information, financial or otherwise, provided to ValueScope that would be material to its analyses or opinions, and that there was no information or any facts that would make any of the information reviewed by ValueScope materially incomplete or materially misleading. ValueScope relied upon and assumed, without independent verification, that (a) the representations and warranties of all parties to the Business Combination Agreement and all other related documents and instruments referred to therein were true and correct, (b) each party to the Business Combination Agreement and such