Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 195

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 195
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 preliminary risk analysis. Even though these charges may be non -cashitems and not have an immediate impact on Finnovate’s or PubCo’s liquidity, the fact that Finnovate or PubCo reports charges of this nature could contribute to negative market perceptions about Finnovate, PubCo or Finnovate’s or PubCo’s securities. Accordingly, any shareholders who choose to remain shareholders following the Business Combination could suffer a reduction in the value of their shares. Such shareholders are unlikely to have a remedy for such reduction in value unless they are able to successfully claim that the reduction was due to the breach by Finnovate’s officers or directors of a duty of care or other fiduciary duty owed to them, or if they are able to successfully bring a private claim under securities laws that the proxy solicitation relating to the Business Combination contained an actionable material misstatement or material omission. 71 Finnovate does not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for Finnovate to complete the Business Combination with which a substantial majority of Finnovate shareholders do not agree. The Finnovate Articles do not provide a specified maximum redemption threshold. Unless the NTA Proposal is approved, the Finnovate Articles limit Finnovate’s ability to redeem ordinary shares and consummate the Business Combination if Finnovate would have less than US$5,000,001 in net tangible assets prior to or upon consummation of the Business Combination. As a result, Finnovate may be able to complete the Business Combination even though a substantial portion of public shareholders do not agree with the transaction and have redeemed their shares or have entered into privately negotiated agreements to sell their shares to Sponsor, directors or officers, or their affiliates. No agreements with respect to the private purchase of Finnovate Public Shares by Finnovate or the persons described above have been entered into with any such investor or holder, outside of the Backstop Agreements, which are no longer in effect. If such arrangements or agreements are entered into, Finnovate will file a Current Report on Form 8 -Kprior to the Meeting to disclose any arrangements entered into or significant purchases made by any of the aforementioned persons. Any such report will include (i) the amount of Finnovate Ordinary Shares purchased and the purchase price; (ii) the purpose of such purchases; (iii) the impact of such purchases on the likelihood that the Business Combination transaction will be approved; (iv) the identities or characteristics of security holders who sold