Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 808

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 808
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 and basis of converting shares in the Merging Company into shares in the Surviving Company or into other property, are set out in the Merger Agreement. In particular, on the Effective Date, and in accordance with the terms and conditions of the Merger, (a)each Purchaser Public Unit issued and outstanding immediately prior to the Effective Time shall be automatically detached and the holder thereof shall be deemed to hold one class A ordinary share of the Purchaser and three-quarters of one Purchaser Public Warrant; (b)each Purchaser Ordinary Shares issued and outstanding immediately prior to the Effective Time (other than the Purchaser Treasury Shares, the Purchaser Redeeming Shares and the Purchaser Dissenting Shares) shall be cancelled and automatically converted into the right to receive one Pubco Ordinary Share (as defined in the Merger Agreement); Annex B-3 (c)each Purchaser Public Warrant issued and outstanding immediately prior to the Effective Time shall be cancelled and converted into one Pubco Public Warrant (as defined in the Merger Agreement) and each Purchaser Private Warrant issued and outstanding immediately prior to the Effective Time shall be cancelled and converted into one Pubco Private Warrant (as defined in the Merger Agreement); (d)each Purchaser Treasury Share shall be cancelled and extinguished without conversion thereof or payment therefor; (e)each Purchaser Redeeming Share issued and outstanding immediately prior to the Effective time shall be surrendered and cancelled and shall cease to exist and no consideration shall be delivered and deliverable in exchange therefor; (f)each shares in Second Merger Sub issued and outstanding immediately prior to the Effective time shall converted into and exchanged for one validly issued, fully paid and non-assessable shares of a par value of US$0.0001 each of the Surviving Company; and (g)each Purchaser Dissenting Share issued and outstanding immediately prior to the Effective Time shall automatically be cancelled and cease to exist in accordance with the procedures set out in section 238 of the Companies Act, and holder of each Purchaser Dissenting Share shall be entitled to receive only the payment resulting from the procedure in section 238 of the Companies Act with respect to the Purchaser Dissenting Shares owned by such holder (unless and until such holder of Dissenting Shares effectively withdraws his demand for, or loses his rights to, dissent from the Merger under the Companies Act). 8Rights and Restrictions of Shares 8.1At the Effective Time, the rights and restrictions attaching to the ordinary shares of the