Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 251

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 251
---
 Finnovate Public Shares in the aggregate without the prior consent of the Company and provided further that any beneficial holder of Finnovate Public Shares on whose behalf a redemption right is being exercised must identify itself to the Company in connection with any redemption election in order to validly redeem such Finnovate Public Shares. If so demanded, the Company shall pay any such redeeming Member, regardless of whether he is voting for or against such proposed Business Combination, a per -Shareredemption price payable in cash, equal to the aggregate amount then on deposit in the Trust Account calculated as of two business days prior to the consummation of the Business Combination, including interest earned on the Trust Account (such interest shall be net of taxes payable) and not previously released to the Company to pay its taxes, divided by the number of then issued Finnovate Public Shares (such redemption price being referred to herein as the “Redemption Price”).” (d)The final sentence of Article 49.8 of the Finnovate Articles shall be deleted in its entirety. Reasons for the Amendments Finnovate shareholders are being asked to approve the NTA Amendments to the Finnovate Articles prior to the consummation of the proposed Business Combination, which, in the judgment of the Finnovate Board, may facilitate the consummation of the Business Combination. The Finnovate Articles limit Finnovate’s ability to consummate an initial business combination if Finnovate would have less than US$5,000,001 in net tangible assets prior to or upon consummation of such initial business combination. Because the Finnovate Ordinary Shares and the PubCo Ordinary Shares would not be deemed to be a “penny stock” pursuant to other applicable provisions of Rule 3a51 -1under the Exchange Act, Finnovate is presenting the NTA Proposal to facilitate the consummation of the Business Combination. If the NTA Proposal is not approved and there are significant requests for redemption such that Finnovate’s net tangible assets would be less than US$5,000,001 following such redemption prior to and upon consummation of the Business Combination, the Finnovate Articles would prevent Finnovate from being 101 able to consummate the Business Combination even if all other conditions to Closing are met. If the NTA Proposal is approved and the Finnovate Articles are amended with NTA Amendments, then it is possible that the Business Combination could be consummated even if Finnovate’s net tangible assets would be less than US$