Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 211

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 211
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 you to lose any potential investment opportunity in potential target acquisition and the chance of realizing future gains on your investment through any price appreciation in the combined company, and our warrants will expire worthless. Finnovate’s shareholders will experience immediate dilution as a consequence of the issuance of PubCo ADSs and PubCo Ordinary Shares as consideration in the Business Combination and due to future issuances. Having a minority share position may reduce the influence that Finnovate’s current shareholders have on the management of Scage International. It is anticipated that, following the Business Combination, under the No Redemption scenario, (1) Finnovate Public Shareholders are expected to own approximately 1.2% of the outstanding PubCo Ordinary Shares in the form of PubCo ADSs, (2) shareholders of Scage International (without taking into account any Finnovate Public Shares held by shareholders of Scage International prior to the consummation of the Business Combination and assuming no Finnovate Warrants are exercised) are expected to collectively own approximately 92.7% of the outstanding PubCo Ordinary Shares in the form of PubCo ADSs, (3) the Sponsor and other Initial Shareholders are expected to own approximately 0.4% of the outstanding PubCo Ordinary Shares, and (4) EBC is expected to own approximately 0.2% of the outstanding PubCo Ordinary Shares, assuming no conversion of outstanding convertible bonds of Scage International and no exercise of Finnovate Warrants or PubCo Warrants. Under the Contractual Maximum Redemption scenario, assuming no conversion of outstanding convertible bonds of Scage International and no exercise of Finnovate Warrants or PubCo Warrants, Finnovate Public Shareholders, the Sponsor and other Initial Shareholders, shareholders of Scage International and EBC will own approximately nil, 0.4%, 93.8% and 0.2% of 79 the outstanding shares of PubCo, respectively, such percentages calculated assuming that shareholders of Scage International receive approximately 67,482,417 PubCo Ordinary Shares in the form of PubCo ADSs, derived from the shares outstanding and weighted average shares outstanding as presented in the pro forma combined financial statements (after rounding adjustment). Additionally, PubCo may also, from time to time in the future, issue additional PubCo Ordinary Shares or securities convertible into PubCo Ordinary Shares pursuant to a variety of transactions, including acquisitions. Issuing additional shares of our capital stock, other equity securities, or securities convertible into equity may dilute the economic and