Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 324

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 324
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 which shall include such number of independent directors to the effect that the PubCo Board will be compliant with Nasdaq rules. For more information on the experience of each of these director nominees, see the section entitled “Management Following the Business Combination” in this proxy statement/prospectus. Vote Required for Approval The approval of the PubCo Director Election Proposal will require an ordinary resolution, being a resolution passed by a majority of the votes which are cast by those holders of Finnovate Ordinary Shares who, being entitled to do so, vote in person or by proxy at the Meeting. Abstentions and non -voteswill not have an effect on the PubCo Director Election Proposal. The PubCo Director Election Proposal will not be submitted if the Business Combination Proposal is not approved. Based on the terms and provisions contained in the Existing Organizational Documents and the Cayman Companies Act, assuming that Finnovate’s Sponsor Parties vote their Founder Shares in favor of the Business Combination Proposal and all other proposals being presented at the Meeting, if only the minimum quorum of 2,618,897 Finnovate Ordinary Shares issued and outstanding as of the Record Date are voted at the Meeting, then, in addition to the Finnovate Ordinary Shares held by the Sponsor Parties, Finnovate would need 1,028,296 Finnovate Class A Ordinary Shares, or approximately 20.7% of the 4,956,638 Finnovate Ordinary Shares not held by the Sponsor Parties outstanding as of the Record Date to be voted in favor of the PubCo Director Election Proposal in order for the PubCo Director Election Proposal to be approved. If all holders of the 5,327,792 Finnovate Ordinary Shares issued and outstanding as of the Record Date are voted at the Meeting, then, in addition to the Finnovate Ordinary Shares held by the Sponsor Parties, Finnovate would need 2,337,743 Finnovate Class A Ordinary Shares, or approximately 47.1% of the 4,956,638 Finnovate Ordinary Shares not held by the Sponsor Parties outstanding as of the Record Date to be voted in favor of the PubCo Director Election Proposal in order for the PubCo Director Election Proposal to be approved. “RESOLVED, as an Ordinary Resolution that, the seven (7) persons listed below be elected to serve terms on PubCo’s board of directors effective at the Effective Time and for a term in accordance with the Business Combination Agreement, be approved in all respects: •Chao Gao; •