Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 315

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 315
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 value each of Finnovate as ordinary shares of US$0.0001 par value each of the Surviving Entity, and cancel all of the authorized but unissued class B ordinary shares of US$0.0001 par value each and preference shares of US$0.0001 par value each of Finnovate, such that the authorized share capital of the Surviving Entity will become US$50,000 divided into 500,000,000 ordinary shares of a par value of US$0.0001 per share, with such rights, privileges and conditions as set out in the Surviving Entity Articles, be approved and authorized in all respects.” Vote Required for Approval If the Business Combination Proposals are not approved, the Merger Proposal will not be presented at the extraordinary general meeting. The approval of the Merger Proposal will require a special resolution under Cayman Islands law, being the affirmative vote (in person or by proxy) of the holders of at least two -thirdsof the issued Finnovate Class A Ordinary Shares and Finnovate Class B Ordinary Shares entitled to vote and actually casting votes thereon at the extraordinary general meeting. Abstentions and broker non -voteswill not count as a vote cast at the extraordinary general meeting. Accordingly, failure to vote in person, online, or by proxy at the extraordinary general meeting or an abstention from voting will have no effect on the outcome of the vote on the Merger Proposal. Based on the terms and provisions contained in the Finnovate Articles and the Cayman Companies Act, assuming that Finnovate’s Sponsor Parties vote their Founder Shares in favor of the Business Combination Proposal and all other proposals being presented at the Meeting, if only the minimum quorum of 2,618,897 Finnovate Ordinary Shares issued and outstanding as of the Record Date are voted at the Meeting, then, in addition to the Finnovate Ordinary Shares held by the Sponsor Parties, Finnovate would need 1,280,969 Finnovate Class A Ordinary Shares, or approximately 25.8% of the 4,956,638 Finnovate Ordinary Shares not held by the Sponsor Parties outstanding as of the Record Date to be voted in favor of the Merger Proposal in order for the Merger Proposal to be approved. If all holders of the 5,327,792 Finnovate Ordinary Shares issued and outstanding as of the Record Date are voted at the Meeting, then, in addition to the Finnovate Ordinary Shares held by the Sponsor Parties, Finn