Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 304

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 304
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age International for Finnovate’s uncured breach of the Business Combination Agreement, such that the related Closing condition would not be met; (4) by Finnovate for the uncured breach of the Business Combination Agreement by Scage International, PubCo, Merger Sub I, or Merger Sub II, such that the related Closing condition would not be met; (5) by Finnovate if Scage International fails to deliver to Finnovate the Audited Company Financials by September30, 2023, or if Scage International’s total assets as of June30, 2023 calculated in accordance with the Audited Financial Statements is more than five (5%) lower than the total assets as of the same date calculated in accordance with Scage International Financials; (6) by either Finnovate or Scage International if Finnovate holds its shareholder meeting to approve the Business Combination Agreement and the Transactions, 132 and such approval is not obtained; (7) by either Finnovate or Scage International if Scage International holds its shareholder meeting to approve the Business Combination Agreement and the Transactions, and such approval is not obtained; and (8) by Finnovate if the Reorganization has not been completed by September30, 2023. If the Business Combination Agreement is terminated, all further obligations of the parties under the Business Combination Agreement (except for certain obligations related to confidentiality, effect of termination, fees and expenses, trust fund waiver, miscellaneous and definitions to the foregoing) will terminate, no party to the Business Combination Agreement will have any further liability to any other party thereto except for liability for fraud or for willful breach of the Business Combination Agreement prior to termination. Trust Account Waiver Scage International, PubCo, Merger Sub I and Merger Sub II have agreed that they and their affiliates will not have any right, title, interest or claim of any kind in or to any monies in Finnovate’s trust account held for Finnovate Public Shareholders, and have agreed not to, and waived any right to, make any claim against the trust account (including any distributions therefrom). Related Agreements and Documents Lock-Up Agreements Simultaneously with the execution of the Business Combination Agreement, PubCo, Scage International, Finnovate and certain Key Company Shareholders, as shareholders entitled to vote an aggregate 64.3% 55.9% of all issued and outstanding shares of Scage International (without conversion of outstanding convertible bonds of Scage International), which