Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 4

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 1
Chunk 4
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 will act as the Cayman counsel to the Company upon and following the consummation
of the Business Combination. The address of Ogier is Floor 11, Central Tower, 28 Queen’s Road Central, Central, Hong Kong.

C. Auditors

Marcum Asia CPAs LLP acted
as the independent registered public accounting firm of Scage International for its consolidated financial statements as of and for the
fiscal years ended June 30, 2024 and 2023, and will be the Company’s independent registered public accounting firm following the
consummation of the Business Combination.

The address of Marcum Asia CPAs LLP is 7 Penn Plaza, Suite 830, New
York, NY, 10001, United States.

HTL International, LLC, an
independent registered public accounting firm, acted as the accounting firm for Finnovate since March 24, 2025. HTL International, LLC is headquartered in Houston, TX, United States.

ITEM 2. OFFER STATISTICS
AND EXPECTED TIMETABLE

Not Applicable.

ITEM 3. KEY INFORMATION

A. [Reserved]

B. Capitalization and Indebtedness

The following table sets
forth the capitalization of the Company on an unaudited pro forma condensed combined basis as of December 31, 2024, after giving effect
to the Business Combination.

  As                                          Pro                        
  of December 31, 2024                        Forma                      
                                              Combined                   
  Cash and cash equivalents                   $                  75,230  
 ─────────────────────────────────────────────────────────────────────────
  Ordinary shares                                                 7,224  
  Additional paid-in capital                                 31,252,684  
  Accumulated deficit                                       (31,828,078  
  Accumulated other comprehensive income                      1,468,757  
  Non-controlling interests                                    (261,928  
  Total Shareholders’ (Deficit)/Equity                          638,659  
  Debt:                                                                  
  Long-term borrowings                                        2,000,000  
  Total capitalization                        $               2,713,889  

C. Reasons for the Offer
and Use of Proceeds

Not applicable.

D. Risk Factors

The risk factors associated
with the Company are described in the Form F-4 in the section titled “ Risk Factors,” which is incorporated herein by reference.

In
addition, please refer to the below risk factors.

Our financial statements may be deemed incomplete because this