Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 417

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 417
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 thday of each subsequent month) until May 8, 2025, or portion thereof, that is needed to complete an initial business combination, for up to an aggregate of $259,588. As of January6, 2025, the Company had deposited $86,670 (including $140.80 of applicable interest) into the Company’s Trust Account. Nasdaq Compliance—Minimum Total Holders On May6, 2024, Finnovate received a deficiency notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of Nasdaq notifying Finnovate that since it was first notified on October9, 2023, Finnovate had not regained compliance with Nasdaq Listing Rule 5450(a)(2), which requires a company listed on The Nasdaq Global Market to have a minimum of 400 total shareholders (the “Minimum Total Holders Requirement”), by the end of the 180 -dayextension period ended April8, 2024. On July3, 2024, Finnovate, received written notice from Nasdaq indicating that the Panel had granted Finnovate’s request for continued listing on Nasdaq, subject to the Company 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. On November6, 2024, Finnovate’s shareholders approved an amendment to the Finnovate Articles (the “Third Extension Amendment”), which extends the date by which Finnovate must consummate its initial business combination from November8, 2024 to May8, 2025. On November11, 2024, Finnovate issued the November 2024 Note in the aggregate principal amount of up to $259,588 to the Sponsor, the proceeds from which will be deposited into the Trust Account for the benefit of each Finnovate Public Share that was not redeemed in connection with the Third Extension Amendment. As of December11, 2024, Finnovate had deposited $43,320 (including $55.40 of applicable interest) into the Trust Account. 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, Finnovate received written notice (the “Notice Letter”) from the Panel indicating that the Panel had determined to delist Finnovate