Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 473

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 473
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 will be subject to the same agreements with respect to such securities as the Sponsor. Otherwise, these warrants will generally not be transferable or salable until after the completion of our initial business combination. The Founder Shares constitute 25% of the Finnovate Public Shares sold in Finnovate IPO. The Sponsor did not purchase any units in Finnovate IPO. We entered into an Administrative Services Agreement on November 8, 2021, pursuant to which we pay the Sponsor US$3,000 per month for office space, utilities and administrative support services. Upon completion of our initial business combination or our liquidation, we will cease paying any of these monthly fees. Accordingly, in the event we take until November 8, 2024 to consummate our initial business combination, the Sponsor will be paid US$3,000 per month for office space, utilities and administrative support services and will be entitled to be reimbursed for any out -of -pocketexpenses. On April 27, 2023, Finnovate entered into an agreement (the “Investment Agreement”) with the Sponsor and Sunorange, pursuant to which Sunorange and its designees shall acquire partnership interests in the Sponsor and Class B ordinary shares directly held by certain directors of Finnovate, which combined interests will entitle Sunorange and its designees to receive, in the aggregate, 4,237,499 Class B Ordinary Shares (of which it acquired an economic interest in 3,557,813 Finnovate Class B Ordinary Shares) and 8,243,038 Finnovate Private Warrants (of which it acquired an economic interest in 6,160,000 Finnovate Private Warrants), and Finnovate shall introduce a change in management and the board as follows: (i) Calvin Kung shall replace David Gershon as Chairman of Finnovate Board and Chief Executive Officer and Wang Chiu (Tommy) Wong shall replace Ron Golan as Chief Financial Officer and director of Finnovate Board, effective upon closing of the Investment; (ii) Jonathan Ophir and Uri Chaitchik shall tender their resignations as Chief Investment Officer and Senior Consultant, respectively, effective upon closing of the Investment; and (iii) Mitch Garber, Gustavo Schwed and Nadav Zohar shall tender their resignations as directors, to be effective upon expiration of all applicable waiting periods under Section 14(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),