Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 97

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 97
---
 Finnovate shareholders adopt the Business Combination Agreement and approve the Business Combination, the Finnovate Board considered a range of factors. Such factors included, but were not limited to positive factors such as Scage International’s earnings history and potential, Scage International’s strong management team, opportunities for growth by Scage International, Scage International’s defensible and differentiated business niche, Scage International’s diversified customer and supplier base. The Finnovate Board also considered various potential negative factors associated with the Business Combination, including, but not limited to, market risk, Scage International’s business plans potentially not being achieved, Scage International’s revenue concentration, competition to Scage International, macroeconomic uncertainty and conflicts of interest. Additionally, the Finnovate Board, in fulfilling its fiduciary duties, evaluated the benefits and detriments of the Business Combination to the unaffiliates security holders of Finnovate. For example, the Finnovate Board considered the ability of the Finnovate securityholders to participate in the potential upside of Scage Future if it is successful following the Closing, as well as the redemption right afforded to shareholders if the shareholders did not want to maintain their stake in PubCo. However, potential dilution and post -Closingvolatility of PubCo were also considered as potential negative aspects of the Business Combination to Finnovate shareholders. In light of the number and wide variety of factors considered in connection with its evaluation of the Business Combination, the Finnovate Board did not consider it practicable to, and did not attempt to, quantify or otherwise assign relative weights to the specific factors that it considered in reaching its determination and supporting its decision. The Finnovate Board viewed its decision as being based on all of the information available and the factors presented to and considered by the Finnovate Board, respectively. In addition, individual directors may have given different weight to different factors. For more information, see the section entitled “The Business Combination Proposal—Finnovate Board’s Reasons for Approval of the Business Combination.” This explanation of Finnovate’s reasons for the Business Combination and all other information presented in this section is forward -lookingin nature and, therefore, should be read in light of the factors discussed under “Cautionary Note Regarding Forward -LookingStatements.” The Finnovate Board also gave consideration to certain risks related to the Business Combination, which are described in this proxy statement/prospectus under the caption “Risk Factors.” Interests of Finnovate’s Sponsor, Directors and Officers in the Business Combination