Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 32

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 32
---
ovate’s primary objective of consummating an initial business combination in its required timeframe. However, there can be no assurance that the anticipated benefits of the Business Combination will be achieved. The Finnovate Board considered detriments to the Business Combination, including potential dilution to the Finnovate shareholders in the transaction and any associated PIPE. Shareholder approval of the Business Combination is required by the Cayman Companies Act, the Business Combination Agreement and the Finnovate Articles as well as to comply with Nasdaq Listing Rule 5635. See the section entitled “The Business Combination Proposal—Finnovate Board’s Reasons for Approval of the Business Combination.” xii Q.What will happen to Finnovate’s securities upon consummation of the Business Combination? A.The Finnovate Units, the Finnovate Ordinary Shares and the Finnovate Warrants are currently quoted on the OTC Markets under the symbols “FNVTUF,” “FNVTF” and “FNVTWF,” respectively. PubCo has applied to list the PubCo ADSs and PubCo Warrants on Nasdaq under the symbols “SCAG” and “SCAGW,” respectively, upon the closing of the Business Combination. PubCo will not have units traded following the closing of the Business Combination, at which time each Finnovate Unit will have separated into its component securities. PubCo will not have units traded following the consummation of the Business Combination. While trading on Nasdaq is expected to begin on the first business day following the consummation of the Business Combination, there can be no assurance that PubCo ADSs or PubCo Warrants will be listed on Nasdaq or it they are, that a viable and active trading market will develop. See “Risk Factors” for more information. Q.Why is Finnovate providing shareholders with the opportunity to vote on the Business Combination? A.Pursuant to the Business Combination Agreement, the approval of the Finnovate shareholders is a condition to Closing. In addition, under its Finnovate Articles, Finnovate must provide all holders of its Finnovate Public Shares with the opportunity to have their Finnovate Public Shares redeemed upon the consummation of Finnovate’s initial business combination either in conjunction with a tender offer or in conjunction with a shareholder vote. For business reasons and pursuant to Cayman law requirements, Finnovate has elected to structure the Business Combination in such a way as to provide its shareholders with the opportunity to have their Finnovate Public Shares redeemed in