Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 423

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 423
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 other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Lock -upSecurities (as that term is defined in the Business Combination Agreement), whether any such transaction is to be settled by delivery of such restricted securities, in cash or otherwise, or (iii) publicly disclose the intention to do any of the foregoing, whether any such transaction described in clauses (i), (ii) or (iii) above is to be settled by delivery of restricted securities or other securities, in cash or otherwise (any of the foregoing described in clauses (i), (ii) or (iii), a “Prohibited Transfer”) (subject to early release if PubCo consummates a Change of Control (as that term is defined in the Business Combination Agreement)). Pursuant to each Seller Lock -UpAgreement, the remaining Scage International shareholders will agree not to make a Prohibited Transfer during the period commencing from the Closing Date and ending on the 6 -monthanniversary of the Closing Date (subject to early release if PubCo consummates a Change of Control). Prior to the Closing of the Business Combination, Finnovate and Scage International may release certain PubCo Ordinary Shares issuable to certain Finnovate Initial Shareholders and Scage International shareholders from the transfer restrictions under the lock -upagreements in order to satisfy the initial listing requirements of the Nasdaq Stock Market. Shareholder Support Agreement Simultaneously with the execution of the Business Combination Agreement, the Company, Scage International, and Key Scage Shareholders entered into a Shareholder Support Agreement (the “Shareholder Support Agreement”), pursuant to which, among other things, Key Scage Shareholders have agreed (a) to support the adoption of the Business Combination Agreement and the approval of the transactions contemplated therein, subject to certain customary conditions, and (b) not to transfer any of their subject shares (or enter into any arrangement with respect thereto), subject to certain customary conditions. Sponsor Support Agreement Simultaneously with the execution of the Business Combination Agreement, the Company, Scage, Pubco and the Sponsor entered into a Sponsor Support Agreement (the “Sponsor Support Agreement”), pursuant to which the Sponsor agreed to vote all of its shares of the Company in favor of the Business Combination Agreement and the transactions contemplated therein. The Sponsor Support Agreement also prevents certain transfers of securities of the Company held by the Sponsor between the date of the Sponsor Support Agreement and the termination of the Sponsor Support Agreement. Pursuant to the Sponsor Distribution, the