Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 102

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 102
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 held by the Sponsor, totalling 30,000 Founder Shares in the aggregate. The foregoing interests present a risk that the Sponsor Parties and Finnovate’s officers and directors may be incentivized to complete a business combination with a less favorable target company or on terms less favorable to the Public Shareholders rather than to liquidate, in which case the Sponsor would lose its entire investment. As a result, the Sponsor Parties and Finnovate’s officers and directors may have a conflict of interest in determining whether Scage International is an appropriate business with which to effectuate a business combination and/or in evaluating the terms of the Business Combination. Fairness Opinion Pursuant to the Finnovate Articles, and as provided in the Finnovate IPO prospectus, Finnovate is only required to obtain an opinion from an independent investment banking firm or another valuation or appraisal firm that regularly renders fairness opinions that such an initial business combination is fair to Finnovate from a financial point of view, if Finnovate would seek to complete an initial business combination with a business combination target that is affiliated with the Sponsor, or Finnovate’s directors or officers. No prior conflicts or affiliate relationship existed between members of the Finnovate Board and management, on the one hand, and Scage International, on the other hand. As such, an opinion was not required under the Finnovate Articles. However, the Finnovate Board obtained a

15 fairness opinion from ValueScope, dated June17, 2024, which provided that, as of that date and based on and subject to the assumptions, limitations, qualifications and other conditions set forth therein, Scage International’s enterprise value in the Business Combination of US$800,000,000 was fair, from a financial point of view, to the shareholders of Finnovate. Finnovate obtained such fairness opinion to (i) inform themselves with respect to all material information reasonably available to them and (ii) act with appropriate care in considering the Business Combination. See the section of this proxy statement/prospectus entitled “Proposal No. 2: The Business Combination Proposal—Opinion of ValueScope, the Finnovate Board’s Financial Advisor” for additional information. Interests of Scage International, its officers and directors in the Business Combination In addition, Scage International and its officers and directors have financial interests that are different from, or in addition to, the interests of Scage International’s shareholders: •On January26, 2024, we issued the January 2024 Promissory