Finnovate closes SPAC merger with Scage; PubCo SCAG lists on Nasdaq

Finnovate Acquisition Corp.

Business combination closed June 27, 2025; PubCo Scage Future issued 72.2M shares post-closing.
PubCo ADSs began trading on Nasdaq Global Market on June 30, 2025 under ticker SCAG.
Pre-closing, public shareholders redeemed 766,207 shares at ~$12.18 per share.
Lock-up on 28.1M PubCo shares for 6 months; new directors appointed to PubCo.
Amendment to registration rights agreement adds PubCo and revises demand/piggyback rights.

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