Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 413

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 413
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 this proxy statement / prospectus. Certain information contained in the discussion and analysis set forth below includes forward -looking statements that involve risks and uncertainties. Overview We are a blank check company incorporated in the Cayman Islands on March 15, 2021 and formed for the purpose of entering into a Business Combination. We consummated the Finnovate IPO on November 8, 2021 and are currently in the process of locating suitable targets for our initial business combination. The issuance of additional shares in an initial business combination: •may significantly dilute the equity interest of investors in the IPO, which dilution would increase if the anti -dilutionprovisions in our Class B ordinary shares resulted in the issuance of our Class A ordinary shares on a greater than one -to -onebasis upon conversion of our Class B ordinary shares; •may subordinate the rights of holders of our Class A ordinary shares if shares of preferred shares are issued with rights senior to those afforded by our Class A ordinary shares; •could cause a change in control if a substantial number of shares of our Class A ordinary shares are issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers and directors; •may have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights of a person seeking to obtain control of us; and •may adversely affect prevailing market prices for our Class A ordinary shares and/or warrants. Similarly, if we issue debt securities, or otherwise incur significant debt, it could result in: •default and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations; •acceleration of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of such covenants; •our immediate payment of all principal and accrued interest, if any, if the debt is payable on demand; •our inability to obtain necessary additional financing if the debt contains covenants restricting our ability to obtain such financing while the debt is outstanding; •our inability to pay dividends on our ordinary or preferred shares; •using a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for dividends on our ordinary shares if declared and our ability to pay expenses, make capital expenditures