Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 2

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 1
Chunk 2
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 restrictions immediately prior to the Effective Time was cancelled
and converted automatically into the right to receive one Ordinary Share; (4) pursuant to certain Assignment, Assumption and Amendment
to Warrant Agreement, at the Effective Time, each Finnovate Public Warrant was converted into one PubCo Public Warrant, and each outstanding
Finnovate Private Warrant was converted into one PubCo Private Warrant, and each of the PubCo Public Warrants and PubCo Private Warrants
(together with PubCo Public Warrants, “ Assumed Warrants”) shall have and be subject to substantially the same terms and conditions
set forth in the respective Finnovate Public Warrants and Finnovate Private Warrants, except that they shall represent the right to acquire
ADS or Ordinary Shares in lieu of Finnovate Ordinary Shares; (4) each Finnovate Ordinary Share for which a holder had validly exercised
its right of redemption was surrendered and cancelled and shall cease to exist; and (5) each then issued and outstanding ordinary
share of Merger Sub II, par value US$0.0001 per share, was converted into and exchanged for one ordinary share of Finnovate as the
surviving entity of the Second Merger.

On June 30, 2025, the ADSs
and the Assumed Warrants of the Company commenced trading on The Nasdaq Stock Market LLC (“ Nasdaq”) under the symbols “ SCAG”
and “ SCAGW,” respectively.

This Report is being filed
in connection with the Business Combination.

CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS

This Report contains or may
contain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended (the “ Securities Act”),
and Section 21E of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”) that involve significant risks and
uncertainties. All statements other than statements of historical facts are forward-looking statements. These forward-looking statements
include information about our possible or assumed future results of operations or our performance. Words such as “expects,”
“intends,” “plans,” “believes,” “anticipates,” “estimates,” and variations
of such words and similar expressions are intended to identify the forward-looking statements. The risk factors and cautionary language
referred to in this Report provide examples of risks, uncertainties and events that may cause actual results to differ materially from