Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 87

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 87
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 and, during such three -yearrestricted period, not to solicit employees or customers of such entities. The Non -Competitionand Non -SolicitationAgreement also contains customary confidentiality and non -disparagementprovisions. Assignment, Assumption and Amendment to Warrant Agreement Prior to the Closing, Finnovate, PubCo and Continental, as warrant agent (the “Warrant Agent”) will enter the Assignment, Assumption and Amendment to Warrant Agreement (the “Warrant Amendment”) which will amend that certain Warrant Agreement, dated as of November 8, 2021, relating to the Finnovate warrants (the “Warrant Agreement”), filed with the SEC on November 8, 2021. Pursuant to the Warrant Amendment: (i) PubCo will assume the obligations of Finnovate under the Warrant Agreement, such that, among other things, PubCo will be added as a party thereto and (ii) references to Finnovate Class A Ordinary Shares in the Warrant Agreement shall mean PubCo ADSs or PubCo Ordinary Shares. 7 Proposals to be Submitted At the Meeting The following is a summary of the proposals to be submitted at the Meeting. Proposal 1: The NTA Proposal Assuming the Business Combination Proposal is approved, Finnovate’s shareholders will be asked to consider and vote upon a proposal to approve by special resolution, the NTA Amendments, which shall be effective, if adopted and implemented by Finnovate, prior to the consummation of the proposed Business Combination, to remove the requirements contained in the Finnovate Articles limiting Finnovate’s ability to consummate an initial business combination if redemptions would cause Finnovate to not have at least US$5,000,001 in net tangible assets immediately prior to, or upon such consummation of the Business Combination. The NTA Proposal is conditioned upon the approval of the Business Combination Proposal. Therefore, if the Business Combination Proposal is not approved, then the NTA Proposal will not be presented to Finnovate’s shareholders at the Meeting. Please see the section of this proxy statement/prospectus entitled “The NTA Proposal.” Proposal 2: The Business Combination Proposal On August 21, 2023, Finnovate, entered into a Business Combination Agreement with PubCo, the Merger Sub I, Merger Sub II, and Scage International. Pursuant to the Business Combination Agreement, subject to the terms and conditions set forth therein, at the Closing, (a