Finnovate Acquisition Corp. Finalizes Business Combination with Scage International, Imposing 6-Month Lock-Up on Shares

Reuters
2025.07.03 21:05
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Finnovate Acquisition Corp. has completed its business combination with Scage International, implementing a 6-month lock-up on 28,103,818 Pubco Ordinary Shares for Scage shareholders. This includes a Seller Lock-Up Agreement and an Amendment to the Registration Rights Agreement, which adds Pubco as a party and sets resale shelf registration obligations. This marks a significant milestone in the merger process, as noted in Finnovate’s Form 8-K filing.