Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 14

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 14
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 the Sponsor and its affiliates in connection with the Business Combination or any related financing transaction, the amount of securities issued or to be issued by SPAC to the Sponsor Parties and the price paid or to be paid for such securities or any related financing transaction.

|         |     | Interest in Securities                                                                                                                                                                                                                                                                                                                     |     | Other Consideration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Sponsor |     | At Closing, the Initial Shareholders shall hold a total of 4,312,500 PubCo Ordinary Shares, which represent the Founder Shares purchased by the Sponsor for an aggregate of US$25,000 (or US$0.006 per share). Of such amount, the Sponsor Parties shall hold a total of 281,154 PubCo Ordinary Shares following the Sponsor Distribution. |     | The Sponsor Parties have provided loans to Finnovate in exchange for (i) the June 2023 Note in connection with the First Extension Amendment, (ii) the November 2023 Note for working capital needs, (iii) the May 2024 Note in connection with the Second Extension Amendment, and (iv) the November 2024 Note in connection with the Third Extension Amendment. As of December 31, 2024, approximately US$1.1 million was outstanding under the June 2023 Note, approximately US$1,213,630 was outstanding under the November 2023 Note, approximately US$225,000 was outstanding under the May 2024 Note, and US$43,320 was outstanding under the November 2024 Note. |
| Sponsor |     | At Closing, the Initial Shareholders shall hold a total of aggregate of 8,243,038 Private Warrants, purchased for US$1.00 per warrant (an aggregate amount of US$8,243,038). Of such amount, the Sponsor Parties shall hold a total of 464,964 Private Warrants following the Sponsor Distribution.                                        |     | Additionally, at the Closing, the Sponsor will be paid for its services under the Administrative Services Agreement. As of December 1, 2024, approximately US$88,100 has been accrued under the Administrative Services Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                       |

There are currently no specified circumstances or arrangements under which the Sponsor, its affiliates, and promoters, directly or indirectly, could transfer ownership of securities of Finnovate, or that could result in the surrender or cancellation of such securities. However, if additional investors participate through a PIPE financing, there may be arrangements where certain holders of Finnovate