Scage International Debuts on Nasdaq Following Successful Merger

Scage International Limited, a prominent provider of zero-emission solutions for heavy-duty commercial vehicles, has successfully completed a business combination with Finnovate Acquisition Corp, a special purpose acquisition company. The merged entity, Scage Future, will start trading on Nasdaq under the ticker symbol SCAG on June 30, 2025. The transaction was approved by Finnovate's shareholders and met all closing conditions. This listing on Nasdaq is pivotal for Scage as it aims to capitalize on increased visibility and access to capital, crucial for its growth strategy that includes expanding production capacity, investing in hydrogen infrastructure, and enhancing its global presence. With an impressive portfolio of zero-emission technologies and a strong order pipeline, Scage is set to execute its ambitious growth strategy, reinforcing its commitment to sustainable transport solutions across several key regions including China, Southeast Asia, and the Middle East. Legal advisory for the transaction was provided by renowned firms like Ellenoff Grossman & Schole LLP, Baker & McKenzie LLP, and others. Forward-looking statements are included, outlining Scage's growth projections and challenges. The statement emphasizes the need for careful monitoring as uncertainties could impact future performance.