Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 450

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 450
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,937,500 PubCo ADSs to be issued upon the exercise of the assumed Public Warrants.

225

(2)Including (i) 4,312,500 PubCo Ordinary Shares in exchange for the Finnovate Ordinary Shares held by the Sponsor and its distributees and its affiliates, and (ii) 8,243,038 PubCo Ordinary Shares to be issued upon the exercise of the assumed Private Placement Warrants. (3)Including (i) 150,000 PubCo Ordinary Shares to be issued for the Finnovate Ordinary Shares held by the underwriter, and (ii) 556,962 PubCo Ordinary Shares to be issued upon the exercise of the assumed Private Placement Warrants. (4)Including 67,482,417 PubCo ADSs in exchange for Scage’s ordinary shares and preferred shares held by Scage’s shareholders. (5)Including 12,937,500 PubCo ADSs to be issued upon the exercise of the assumed Public Warrants. Net loss per share The weighted average shares outstanding and net loss per share information give pro forma effect to Business Combination and the other transactions contemplated by the Business Combination Agreement as if they had occurred on July 1, 2023. The unaudited pro forma condensed combined basic and diluted earnings per share calculations are based on the sum of the Finnovate redeemable shares outstanding of 865,292 and non -redeemableshares outstanding of 4,462,500 under both scenarios for the year ended June30, 2024, adjusted by (a) approximately 67,482,417 consideration shares estimated, derived from the shares outstanding and weighted average shares outstanding as presented in the pro forma combined financial statements (after rounding adjustment), to be issued in connection with the Business Combination; (b) subsequent redemption of 1,383,214shares in November 2024, and (c) redemption of nil shares under no redemption scenario and 865,292shares under Contractual Maximum Redemption scenario. For the purposes of calculating the weighted average number of shares of PubCo ordinary shares outstanding, the effects of outstanding warrants and exchangeable units to purchase ordinary shares and employee share option plans were not considered in the calculation of diluted loss per share, since the inclusion of such warrants and options would be anti -dilutive.

|                                                                           |     | Adjustment for 
         Merger 
    Assuming No 
    Redemptions |   |     | Adjustment for 
         Merger 
       Assuming 
 865,292 Shares