Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 52

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 52
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 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, if the Trust Account is liquidated, including in the event we are unable to complete an initial business combination on or prior to the Articles Extension Date, the Sponsor has agreed to indemnify us to ensure that the proceeds in the Trust Account are not reduced below US$10.20 per Finnovate Public Share, or such lesser per Finnovate Public Share amount as is in the Trust Account on the liquidation date, from the claims of prospective target businesses with which we have entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement or claims of any third party for services rendered or products sold to us, but only if such a third party or target business has not executed a waiver of any and all rights to seek access to the Trust Account. •The Sponsor Parties will lose their entire investment (and potentially any loans or expenses fronted by the Sponsor and its affiliates and permitted transferees) in Finnovate if Finnovate does not complete a business combination by May8, 2025 (unless extended by Finnovate’s shareholders, or such earlier xxiii

time as the Finnovate Board determines). The Sponsor Parties’ investment in the Company consists of 4,299,375 Founder Shares for an aggregate of $25,000 (or $0.006 per share), all of which were distributed to the Sponsor’s constituent members in the Sponsor Distribution. Additionally, the Sponsor and its affiliates have provided loans to Finnovate in exchange for (i) the June 2023 Note in connection with the First Extension Amendment, (ii) the November 2023 Note for working capital needs, (iii) the May 2024 Note in connection with the Second Extension Amendment, in an aggregate amount of up to $