Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 70

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 70
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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 November8, 2024, Finnovate 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 due to the Company’s failure to timely satisfy the terms of the Panel’s July3, 2024 decision (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. Accordingly, the Panel has determined to delist Finnovate’s securities from Nasdaq as set forth in the Notice Letter. Since November12, 2024, Finnovate’s securities have been suspended from trading on Nasdaq and have subsequently been quoted on the OTC Markets. If Finnovate is unable to complete the Business Combination by May8, 2025 (or such earlier time as the Finnovate Board determines) and is forced to liquidate, Finnovate’s Warrants will expire worthless, and the 4,312,500 Founder Shares and 8,800,000 Private Warrants, including those held by Finnovate’s Initial Shareholders, would also be worthless. For more information about the liquidation process, see “Other Information Related to Finnovate—Liquidation if No Business Combination.” Q.When do you expect the Business Combination to be completed? A.It is currently anticipated that the Business Combination will be consummated promptly following the Meeting, which is set for January30, 2025; however, the Meeting could be adjourned, as described above. For a description of the conditions for the completion of the Business Combination, see the section entitled “The Business Combination Agreement—Conditions to the Consummation of the Business Combination.” Q.What do I need to do now? A.Finnovate urges you to read carefully and consider the information contained in this proxy statement/prospectus, including the annexes, and to consider how the Business Combination will affect you as a shareholder and/or