Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 124

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 124
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’s report contains an explanatory paragraph that expresses substantial doubt about its ability to continue as a “going concern.” •Finnovate identified a material weakness in its internal control over financial reporting. If Finnovate is unable to develop and maintain an effective system of internal control over financial reporting, Finnovate may not be able to accurately report its financial results in a timely manner, which may adversely affect investor confidence in Finnovate and materially and adversely affect Finnovate’s business and operating results. Risks Related to Redemption •Finnovate Public Shareholders who wish to redeem their Finnovate Public Shares for a pro rata portion of the Trust Account must comply with specific requirements for redemption that may make it more difficult for them to exercise their redemption rights prior to the deadline. If Finnovate’s shareholders fail to comply with the redemption requirements specified in this proxy statement/prospectus, they will not be entitled to redeem their Finnovate Public Shares for a pro rata portion of the funds held in the Trust Account. •Investors may not have sufficient time to comply with the delivery requirements associated with exercise of their redemption rights. •If a Finnovate Public Shareholder fails to receive notice of Finnovate’s offer to redeem Finnovate Public Shares in connection with the Business Combination, or fails to comply with the procedures required to redeem its shares, such shares may not be redeemed. Risks Related to PubCo’s Securities •The price of PubCo’s securities may be volatile, and the value of its securities may decline. •Outstanding Finnovate Warrants will be assumed by PubCo and converted into corresponding warrants to purchase PubCo ADSs or PubCo Ordinary Shares, which will increase the number of shares eligible for future resale in the public market and result in dilution to PubCo’s shareholders. •The warrant agreement relating to the Assumed Warrants will provide that PubCo agrees that any action, proceeding or claim against it arising out of or relating in any way to such agreement will be brought and enforced in the courts of the State of New York or United States District Court for the Southern District of New York, and that PubCo irrevocably submits to such jurisdiction, which jurisdiction will be the exclusive forum for any such action, proceeding or claim. This exclusive forum provision could limit Assumed Warrant holders’ ability to obtain what they believe to be a favorable judicial forum for disputes related to the Amended and Restated Warrant Agreement. 27

SUMMARY HISTORICAL FINANCIAL