Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 321

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 321
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2) immediately following the Unit Separation, every issued and outstanding Finnovate Ordinary Share (other than treasury shares held by Finnovate) and those held by the Insiders and the Dissenting Finnovate Shares) immediately prior to the Effective Time shall be cancelled and converted automatically into the right to receive one PubCo ADS; (3) every issued and outstanding Finnovate Ordinary Share held by the Insiders immediately prior to the Effective Time shall be cancelled and converted automatically into the right to receive one PubCo Ordinary Share; (4) pursuant to certain Assignment, Assumption and Amendment to Warrant Agreement, at the Effective Time, each Finnovate Public Warrant shall be converted into one PubCo Public Warrant, and each outstanding Finnovate Private Warrant shall be converted into one PubCo Private Warrant, and each of the PubCo Public Warrants and PubCo Private Warrants (together with PubCo Public Warrants, “Assumed Warrants”) shall have and be subject to substantially the same terms and conditions set forth in the respective Finnovate Public Warrants and Finnovate Private Warrants, except that they shall represent the right to acquire PubCo ADS and PubCo Ordinary Shares, respectively, in lieu of Finnovate Ordinary Shares; (5) each Finnovate Ordinary Share for which a holder has validly exercised its right of Redemption shall be surrendered and cancelled and shall cease to exist; and (6) each then issued and outstanding ordinary share of Merger Sub II, par value US$0.0001 per share, shall be converted into and exchanged for one ordinary share of the Surviving Entity. This summary is qualified by reference to the complete text of the PubCo A&R MAA, a copy of which is attached to this proxy statement/prospectus as exhibit 3.2 and Annex B. All shareholders are encouraged to read the PubCo A&R MAA in their entirety for a more complete description of their terms. Proposal 5B: Provisions Related to Status as Blank Check Company Finnovate’s shareholders are being asked to approve, on a non -bindingadvisory basis, the difference in Finnovate’s Articles and the PubCo A&R MAA in which the PubCo A&R MAA has no provision that applies to a blank check company, as PubCo will not be a blank check company upon consummation of the Business Combination. 142 This summary is qualified by reference to the complete text of the PubCo A&R MAA,