Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 83

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 83
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 A -1, Annex A -2and Annex A -3. Finnovate encourages you to read the Business Combination Agreement carefully, as it is the legal document that governs the Business Combination. For more information on the Business Combination Agreement, see the section entitled “The Business Combination Agreement.” Pro Forma Capitalization Upon the consummation of the Business Combination, all the shareholders of Scage International (other than those holding treasury shares and dissenting shares) will own approximately 92.7% of the outstanding PubCo Ordinary Shares, represented by PubCo ADSs, and all former shareholders of Finnovate (including the Sponsor) will own 7.1% of the outstanding PubCo Ordinary Shares, including those represented by PubCo ADSs. Such outstanding PubCo Ordinary Shares include the issuance of (i) 67,482,417 PubCo Ordinary Shares, represented by PubCo ADSs, to be issued to Scage International’s shareholders (based on an Aggregate Merger Consideration Amount calculated on June30, 2024 and assuming no conversion of outstanding convertible bonds of Scage International and no exercise of Finnovate Warrants or PubCo Warrants), and (ii) 5,327,792 PubCo Ordinary Shares, including those represented by PubCo ADSs, to be issued to Finnovate’s shareholders and underwriters, assuming no redemptions by Finnovate Public Shareholders. 5 Merger Consideration Under the Business Combination Agreement, the Aggregate Merger Consideration Amount to be paid to the shareholders of Scage International is US$800,000,000, subject to adjustment for net debt, and will be paid entirely in newly issued ordinary shares of PubCo in the form of PubCo ADSs, with each share valued at the Per Share Price. On the Closing Date and immediately prior to the First Merger Effective Time, each preferred share of Scage International that is issued and outstanding immediately prior to the First Merger Effective Time shall be cancelled in exchange for the right to receive a number of ordinary shares of Scage International at the then effective conversion rate (the “Conversion”). As a result of the Mergers, (a) each of the ordinary shares of Scage International that are issued and outstanding immediately prior to the First Merger Effective Time and after the Conversion shall be cancelled and converted into the right to receive 100% of such number of PubCo Ordinary Shares equal to the Exchange Ratio in the form of PubCo ADSs; (b) each of the convertible