Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 3

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 3
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 Merger and the Second Merger, respectively, assuming no conversion of outstanding convertible bonds of Scage International and no redemption of Finnovate Public Shares), (2) 21,737,500 Assumed Warrants and (3) 21,737,500 PubCo Ordinary Shares, represented by PubCo ADSs, issuable pursuant to the exercise of Assumed Warrants. The number of PubCo Ordinary Shares, represented by PubCo ADSs, covered in this proxy statement/prospectus represents the maximum number of PubCo Ordinary Shares that may be issued to holders of Company Ordinary Shares in connection with the First Merger (as more fully described in this proxy statement/prospectus), together with the shares issued or issuable to the existing holders of Finnovate Class A Ordinary Shares, Finnovate Class B Ordinary Shares, Finnovate Warrants, and Finnovate Units in connection with the Second Merger. The Finnovate Board obtained a fairness opinion from ValueScope, Inc. (“ValueScope”), dated June17, 2024, which provided that, as of that date and based on and subject to the assumptions, limitations, qualifications and other conditions set forth therein, Scage International’s enterprise value in the Business Combination of US$800,000,000 was fair, from a financial point of view, to the shareholders of Finnovate. Finnovate obtained such fairness opinion to (1) inform themselves with respect to all material information reasonably available to them and (2) act with appropriate care in considering the Business Combination. See the section of this proxy statement/prospectus entitled “Proposal No. 2: The Business Combination Proposal—Opinion of ValueScope, the Finnovate Board’s Financial Advisor” for additional information. The Finnovate Units, Finnovate Class A Ordinary Shares, and Finnovate Public Warrants are currently quoted on the OTC Markets under the symbols “FNVTUF,” “FNVTF” and “FNVTWF,” respectively. Immediately prior to the Second Merger, each issued and outstanding Finnovate Unit will be automatically separated and the holder thereof will be deemed to hold one Finnovate Class A Ordinary Share and three -quartersof one Finnovate Public Warrant. Accordingly, there will be no Finnovate Units nor any listing of Finnovate Units following the consummation of the Business Combination. The parties anticipate that, following the Business Combination, the PubCo ADSs and Assumed Warrants will be listed on the Nasdaq