Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 401

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 401
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 directors, see the section entitled “Management of Finnovate” in this proxy statement/prospectus. By leveraging the combined experience of our management, directors, and Sponsor network, we believe we are uniquely positioned to execute a compelling business combination. Initial Public Offering and Listing On November 8, 2021, we consummated our initial public offering of 15,000,000 units and, on November 12, 2021, issued an additional 2,250,000 units pursuant to the underwriter’s full exercise of their over -allotment option. Each unit consists of one Finnovate Class A Ordinary Share and three -quarters of a redeemable warrant of Finnovate, each warrant entitling the holder thereof to purchase one Finnovate Class A Ordinary Share for US$11.50 per share. The units were sold at a price of US$10.00 per unit, generating gross proceeds to Finnovate of US$150,000,000 and US$22,500,000 at the respective closings. Simultaneously with the closing of the Finnovate IPO and the closing of the underwriter’s full exercise of their over -allotment option, we completed the private sale of an aggregate of 8,243,038 and 556,962 Finnovate Private Warrants, respectively, to Finnovate Sponsor, LP (the “Sponsor”) and EBC at a purchase price of US$1.00 per private warrant, generating gross proceeds to us of US$8,243,038 and US$556,962, respectively. Following the respective closings, a total of US$153,000,000 and US$22,950,000 were placed in U.S. -based trust account at Goldman Sachs & Co. which is maintained by Continental Stock Transfer & Trust Company acting as trustee. 198 Our units began trading on November 4, 2021 on the Nasdaq under the symbol “FNVTU.” The Finnovate Class A Ordinary Shares and Finnovate Public Warrants began trading on December 8, 2021 on Nasdaq under the symbols “FNVT” and “FNVTW,” respectively. Following their delisting, the Finnovate Public Units, Finnovate Public Shares and Finnovate Public Warrants are currently quoted on the OTC Markets under the symbols “FNVTUF,” “FNVTF” and “FNVTWF,” respectively. Investment Agreement On April 27, 202