Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 212

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 212
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 voting rights of our existing shareholders, reduce the market price of PubCo ADSs, or both. Debt securities convertible into equity could be subject to adjustments in the conversion ratio pursuant to which certain events may increase the number of equity securities issuable upon conversion. Preference shares, if issued, could have a preference with respect to liquidating distributions or a preference with respect to dividend payments that could limit our ability to pay dividends to the holders of PubCo ADSs and PubCo Ordinary Shares. PubCo’s decision to issue securities in any future offering will depend on market conditions and other factors beyond its control, which may adversely affect the amount, timing, or nature of our future offerings. As a result, holders of Finnovate Ordinary Shares bear the risk that future offerings may reduce the market price of PubCo ADSs and dilute their percentage ownership. Finnovate’s and Scage International’s ability to consummate the Business Combination, and the operations of PubCo following the Business Combination, may be materially adversely affected by the recent coronavirus (COVID-19) pandemic and other macroeconomic events. The COVID -19outbreak has adversely affected, and other events (such as terrorist attacks, natural disasters or a significant outbreak of other infectious diseases or public health crises) could adversely affect, economies and financial markets worldwide, business operations and the conduct of commerce generally, and the business of PubCo following the Business Combination could be adversely affected. The extent of such impact will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of COVID -19and the actions to contain COVID -19or treat its impact, among others. The outbreak of COVID -19may also have the effect of heightening many of the other risks described in this “Risk Factors” section, such as those related to the market for our securities and to the conduct of Scage International’s business. PubCo may redeem unexpired Public Warrants prior to their exercise at a time that is disadvantageous for warrant holders. Following the Business Combination, PubCo may redeem the Public Warrants, prior to their exercise at a time that is disadvantageous to the holder, thereby significantly impairing the value of such warrants. PubCo will have the ability to redeem outstanding Public Warrants at any time after they become exercisable and prior to their expiration, at a price of US$0.01 per warrant, provided that the closing price of the Ordinary Shares equals or exceeds US$18.00 per share (subject to adjustment for share sub