Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 470

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 470
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 excluding (x) 1,200,000 PubCo Ordinary Shares to be issued upon the exercise of the Private Placement Warrants convertible from the US$1,200,000 Extension Loan at a conversion price of $1.00 per warrant; and (y) 350,688 PubCo Ordinary Shares to be issued to the financial consultant upon Closing at the election of the financial consultant. • Scenario 2—Assuming Contractual Maximum Redemption:Assuming that the Finnovate Public Shareholders holding approximately 100% of the Finnovate Public Shares exercise redemption rights with respect to their Finnovate Public Shares (which is determined based on the Finnovate shareholders’ approval of the NTA Proposal), the expected beneficial ownership of PubCo Ordinary Shares immediately following the consummation of the Business Combination has been determined based on the following: (1) none of the investors set forth in the table below has purchased or purchases shares of PubCo Ordinary Shares (post -BusinessCombination), and (2) there will be an aggregate of 71,944,917 PubCo Ordinary Shares issued and outstanding upon the consummation of the Business Combination, consisting of (i) 67,482,417 PubCo Ordinary Shares to be issued to Scage International’s shareholders in the form of PubCo ADSs (based on an Aggregate Merger Consideration Amount calculated on June30, 2024 and assuming no conversion of outstanding convertible bonds of Scage International and no exercise of Finnovate Warrants or PubCo Warrants), and (ii) 4,462,500 PubCo Ordinary Shares to be issued to Finnovate’s shareholders, excluding (x) 1,200,000 PubCo Ordinary Shares to be issued upon the exercise of the Private Placement Warrants convertible from the US$1,200,000 Extension Loan at a conversion price of $1.00 per warrant; and (y) 350,688 PubCo Ordinary Shares to be issued to the financial consultant upon Closing at the election of the financial consultant. 239

|                                      |     | Post-Business Combination 
  (Assuming No Redemption) |     |            |   |     |             |   |     |                 Post-Business Combination 
 (Assuming Contractual Maximum Redemption) |     |            |   |     |             |   |
|                                      |     |                 Number of 
                     PubCo 
                  Ordinary 
                    Shares 
              Beneficially 
                     Owned |     | % of Total 
      PubCo