Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 88

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 88
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) Merger Sub I will merge with and into Scage International (the “First Merger”), with Scage International surviving the First Merger as a wholly -ownedsubsidiary of PubCo and the outstanding securities of Scage International being converted into the right to receive securities of PubCo; and (b) immediately following the First Merger, the Merger Sub II will merge with and into Finnovate (the “Second Merger”, and together with the First Merger, the “Mergers”), with Finnovate surviving the Second Merger as a wholly -ownedsubsidiary of PubCo and the outstanding securities of Finnovate being converted into the right to receive securities of PubCo (the Mergers together with the other transactions contemplated by the Business Combination Agreement and other ancillary documents, the “Transactions” or the “Business Combination”). On June18, 2024, the parties to the Business Combination Agreement entered into the First Amendment to Business Combination Agreement. The amendment provides for, among other things, the: •reduction of the aggregate consideration to the shareholders of Scage International from $1,000,000,000 to $800,000,000; •correction of a scrivener’s error to clarify that Scage International is not an investment company; •the establishment of the ADS Facility by PubCo so that each of the ordinary shares to be issued by PubCo pursuant to the Business Combination Agreement may be represented by PubCo ADSs; •extension of the deadline for the Reorganization (as defined in the Business Combination Agreement) from September30, 2023 to July20, 2024; and •extend the Outside Date (as defined in the Business Combination Agreement) from February29, 2024 to October31, 2024. On October31, 2024, the parties to the Business Combination Agreement entered into the Second Amendment to Business Combination Agreement. The amendment extends the Outside Date (as defined in the Business Combination Agreement) from October31, 2024 to March31, 2025. Under the Business Combination Agreement, the Aggregate Merger Consideration Amount to be paid to the shareholders of Scage International is US$800,000,000, subject to adjustment for net debt, and will be paid entirely in newly issued ordinary shares of PubCo in the form of PubCo ADSs, with each share valued at the Per Share Price. For a detailed discussion on calculation of the number of PubCo Ordinary Shares to be issued in connection with