Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 307

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 307
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 B Ordinary Share and 8,243,038 Finnovate Private Warrants then held by the Sponsor to its constituent members. Additionally, while the recipients of such securities agreed to remain subject to the lock -uprestrictions, distributees who are not Sponsor Parties are not required to vote their shares in favor of the Business Combination. Prior to the Closing of the Business Combination, Finnovate and Scage International may release certain PubCo Ordinary Shares issuable to certain Finnovate Initial Shareholders and Scage International shareholders from the transfer restrictions under the lock -upagreements in order to satisfy the initial listing requirements of the Nasdaq Stock Market. Non-Competition and Non-Solicitation Agreement Simultaneously with the execution of the Business Combination Agreement, certain shareholders and officers (each, a “Subject Party”) of Scage International each entered into a non -competitionand non -solicitationagreement with Finnovate, PubCo, Scage International, and the Sponsor (collectively, the “Non -Competitionand Non -SolicitationAgreement”). Under the Non -Competitionand Non -SolicitationAgreement, the Subject Party agrees not to compete with PubCo, the Sponsor, Finnovate, Scage International and their respective affiliates during the three -yearperiod following the Closing and, during such three -yearrestricted period, not to solicit employees or customers of such entities. The Non -Competitionand Non -SolicitationAgreement also contains customary confidentiality and non -disparagementprovisions. Assignment, Assumption and Amendment to Warrant Agreement Prior to the Closing, Finnovate, PubCo and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”) will enter the Assignment, Assumption and Amendment to Warrant Agreement (the “Warrant Amendment”) which will amend that certain Warrant Agreement, dated as of November 8, 2021, relating to the Finnovate warrants (the “Warrant Agreement”), filed with the SEC on November 8, 2021. Pursuant to the Warrant Amendment: (i) PubCo will assume the obligations of Finnovate under the Warrant Agreement, such that, among other things, PubCo will be added as a party thereto and (ii) references to Finnovate Class A ordinary shares in the Warrant Agreement shall mean PubCo ADS or PubCo Ordinary Shares. 134 Interests of Finnovate’s Sponsor, Directors and Others in the Business Combination The Sponsor