Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 198

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 198
---
 had 60 calendar days, or until December 5, 2023, to submit a plan to regain compliance with the Nasdaq Listing Rules. Finnovate filed its quarterly report on Form 10 -Qfor the period ended June 30, 2023, on November 6, 2023. On October 9, 2023, Finnovate received a deficiency notice from the Staff of Nasdaq notifying Finnovate that Finnovate no longer met the minimum 400 total holders requirement for The Nasdaq Global Market pursuant to Listing Rule 5450(a)(2) (the “Minimum Total Holders Requirement”). On January22, 2024, Finnovate received a deficiency notice from the Staff of Nasdaq notifying Finnovate that it was not in compliance with Nasdaq Listing Rule 5620(a), which requires that Nasdaq -listedcompanies hold an annual meeting of shareholders within twelve months of their fiscal year end (the “Annual Meeting Requirement”), because Finnovate did not hold an annual meeting of shareholders within twelve months of its fiscal year ended December31, 2022. On July3, 2024, Finnovate received written notice from Nasdaq indicating that the Panel had granted the request for continued listing on Nasdaq, subject to Finnovate completing a business combination with an operating entity and evidencing compliance with the criteria for initial listing on Nasdaq, including the applicable holders requirement, by November4, 2024 (the “Decision”). On November6, 2024, Finnovate notified the Panel that it would not be able to close its initial business combination by the Panel’s November4, 2024, deadline. On November8, 2024, the Company received written notice (the “Notice Letter”) from the Panel indicating that the Panel had determined to delist Finnovate’s securities from Nasdaq and that trading in Finnovate’s securities would be suspended at the open of trading on November12, 2024 (the “Trading Suspension”) due to Finnovate’s failure to timely satisfy the terms of the Panel’s July3, 2024 Decision. Following the Trading Suspension, Finnovate’s units, Class A ordinary shares and warrants became eligible to trade on the OTC Markets under the tickers “FNVUF,” “FNVTF,” and “FNVWF,” respectively. Nasdaq will formally complete the delisting by filing a Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities