Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 55

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 55
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 aggregate of 8,243,038 Private Warrants, purchased for $1.00 per warrant (an aggregate amount of US$8,243,038). Of such amount, the Sponsor Parties shall hold a total of 464,964 Private Warrants following the Sponsor Distribution.                                      |     | Additionally, at the Closing, the Sponsor will be paid for its services under the Administrative Services Agreement. As of December 1, 2024, approximately $88,100 has been accrued under the Administrative Services Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                 |

Because the Founder Shares were initially acquired at a nominal price, our Public Shareholders will incur an immediate and substantial dilution upon the closing of this offering, assuming no value is ascribed to the Public Warrants. See the section titled “Risk Factors—Risks Related to the Business Combination and Finnovate—The Sponsor Parties paid nominal consideration for the Founder Shares they hold. As a result, the Sponsor Parties may make a substantial profit if the Business Combination is consummated, even if the shares held by Finnovate’s Public Shareholders lose substantial value. For this reason, the Sponsor Parties may have a strong economic incentive to approve and complete the Business Combination, even if the Business Combination arguably may not be in the best interests of Finnovate’s Public Shareholders.”

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Certain Other Interests in the Business Combination In addition to the interests of Finnovate’s Sponsor, directors and officers in the Business Combination, shareholders should be aware that EBC and 3A Partners have financial interests that are different from, or in addition to, the interests of Finnovate’s shareholders: •The fact that, pursuant to the Business Combination Marketing Agreement entered into by Finnovate and EBC in connection with the Finnovate IPO (as amended, the “BCMA”), upon consummation of the Business Combination, a transaction fee equal to US$3,018,750 in cash, convertible note or a combination of both (at the option of Finnovate). Accordingly, EBC has an interest in Finnovate completing the Business Combination because, if the Business Combination (or another business combination) is not consummated, EBC will not receive such fee. •The fact that EBC and its designees own (i) 150,000 Finnovate Class A Ordinary Shares (the “Representative Shares”), issued to them for nominal consideration in connection with the Finnovate IPO and (ii) 556,962 Finnovate Private Warrants,