Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 203

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 203
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 the initial trading of the PubCo ADSs will not benefit from the book -buildingprocess undertaken by underwriters that helps to inform efficient price discovery with respect to opening trades of newly listed shares and underwriter support to help stabilize, maintain or affect the public price of the new issue immediately after listing. The lack of such a process in connection with the listing of PubCo’s securities could result in diminished investor demand, inefficiencies in pricing and a more volatile public price for PubCo Securities during the period immediately following the listing than in connection with an underwritten initial public offering. Such differences from an underwritten public offering may present material risks to unaffiliated investors that would not exist if we became a publicly listed company through an underwritten initial public offering instead of upon consummation of the Business Combination. 75 If third parties bring claims against Finnovate, the proceeds held in the Trust Account could be reduced and the per share redemption amount received by shareholders may be less than US$ 11.85 per share (based on the Trust Account balance as of the Record Date ). Finnovate’s placing of funds in the Trust Account may not protect those funds from third -partyclaims against Finnovate. Although Finnovate seeks to have vendors, service providers (other than Finnovate’s independent registered public accounting firm), prospective target businesses and other entities with which Finnovate does business execute agreements with Finnovate waiving any right, title, interest or claim of any kind in or to any monies held in the Trust Account, there is no guarantee that they will execute such agreements or even if they execute such agreements that they would be prevented from bringing claims against the Trust Account, including, but not limited to, fraudulent inducement, breach of fiduciary responsibility or other similar claims, as well as claims challenging the enforceability of the waiver, in each case in order to gain advantage with respect to a claim against Finnovate’s assets, including the funds held in the Trust Account. If any third party refuses to execute an agreement waiving such claims to the monies held in the Trust Account, Finnovate’s management will consider whether competitive alternatives are reasonably available to Finnovate and will only enter into an agreement with such third party if management believes that such third party’s engagement would be in the best interests of Finnovate under the circumstances. Finnovate’s auditor, Marcum LLP, has not and will not execute an agreement with Finnovate waiving such claims to the monies held in