Breaking News: FINNOVATE ACQUISITION CORP Reschedules Shareholder Meeting for February 27, 2025 at 10:00 AM Eastern Time
Description:
Boston, MA, Jan. 28, 2025 (GLOBE NEWSWIRE) — Finnovate Acquisition Corp. (“Finnovate”) (OTC: “FNVUF”, “FNVTF”, “FNVWF”) announced today that its upcoming extraordinary general meeting of shareholders (the “Special Meeting”) to approve its proposed initial business combination has been postponed to 10:00 a.m., Eastern Time on Thursday, February 27, 2025. At the meeting, shareholders of Finnovate will be asked to vote on proposals to approve, among other things, its proposed initial business combination (the “Business Combination”) with Scage International Limited, a Cayman Islands exempted company (“Scage International” or the “Company”), Scage Future, a Cayman Islands exempted company (“Pubco”), Hero 1, a Cayman Islands exempted company and a direct wholly owned subsidiary of PubCo (“Merger Sub I”), and Hero 2, a Cayman Islands exempted company and a direct wholly owned subsidiary of PubCo (“Merger Sub II”) pursuant to a Business Combination Agreement (as amended, the “Business Combination Agreement”). There is no change to the location, the record date, the purpose or any of the proposals to be acted upon at the Special Meeting.
How will this affect me?
As a shareholder of Finnovate, this rescheduling of the shareholder meeting may impact your schedule and availability on February 27, 2025. It gives you more time to properly review and consider the proposed initial business combination with Scage International Limited. Make sure to mark your calendar for the new meeting date and time to ensure you can participate and vote on the important proposals.
How will this affect the world?
The rescheduling of the shareholder meeting for Finnovate Acquisition Corp may have a ripple effect in the business world, especially for investors and stakeholders closely following the outcome of the proposed initial business combination. It could potentially influence market trends and investor sentiment as they await the results of the meeting and the decisions made regarding the Business Combination Agreement.
Conclusion:
In conclusion, the decision to reschedule the shareholder meeting for Finnovate Acquisition Corp brings about changes for both individual shareholders and the broader business landscape. It is important for stakeholders to stay informed and prepared for the upcoming meeting on February 27, 2025, as the outcome could have significant implications. Let’s stay tuned for further updates and developments regarding the proposed business combination with Scage International Limited.
