UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 228, 2025

FINNOVATE ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

00-0000000

Cayman Islands

001-41012

N/A

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

265 Franklin Street

Suite 1702

Boston, MA

02110

(Address of principal executive offices)

(Zip Code)

+1 424-253-0908

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Units, each consisting of one Class A ordinary share and three-quarters of one redeemable warrant	FNVTU	The Nasdaq Stock Market LLC

Class A ordinary shares, par value $0.0001 per share	FNVT	The Nasdaq Stock Market LLC

Redeemable warrants, each warrant exercisable for one Class A ordinary share at an exercise price of $11.50	FNVTW	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1 3.01 ~~Entry~~Notice ~~Into~~of ADelisting ~~Material~~or ~~Definitive~~Failure ~~Agreement~~to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

AsOn April ~~previously~~28, ~~disclosed~~2025, onthe ~~August 21,~~Nasdaq ~~2023,~~Stock Market (“Nasdaq”) notified Finnovate Acquisition Corp. (the “Company”) that on April 30, an2025, ~~exempted~~it ~~company~~would ~~incorporated~~announce ~~with~~that ~~limited~~it ~~liability~~will indelist the ~~Cayman~~Company’s ~~Islands~~ordinary ~~(“Finnovate”)~~shares, ~~entered~~ ~~into~~warrants aand ~~Business~~units. ~~Combination~~The ~~Agreement~~Company’s securities ~~(as~~were ~~amended~~suspended on ~~June~~November 1812, 2024, and ~~October~~have 31not traded on Nasdaq since that time. Since November 12, 2024, the ~~“Business Combination~~Company’s ~~Agreement”)~~units, ~~with~~ordinary ~~Scage~~shares ~~Future,~~and anwarrants ~~exempted~~have ~~company~~been ~~incorporated~~eligible ~~with~~to ~~limited~~be ~~liability~~quoted inon the ~~Cayman~~OTC ~~Islands~~Markets (under the tickers “~~Pubco~~FNVUF,”) “FNVTF,” ~~Hero~~and 1“FNVWF,” anrespectively. ~~exempted~~Nasdaq ~~company~~will ~~incorporated~~file ~~with~~a ~~limited~~Form ~~liability~~25 inwith the ~~Cayman~~Securities ~~Islands~~ and aExchange ~~wholly-owned~~Commission ~~subsidiary~~(the of“SEC”) to ~~Pubco,~~complete ~~Hero~~the ~~2, an~~delisting. ~~exempted~~The ~~company~~delisting ~~incorporated~~will ~~with~~become ~~limited~~effective ~~liability~~ten indays after the ~~Cayman~~Form ~~Islands~~25 ~~and~~is afiled. ~~wholly-owned~~Following ~~subsidiary~~the effectiveness of ~~Pubco~~the Form 25, ~~and~~the ~~Scage~~Company’s ~~International Limited~~units, anordinary ~~exempted~~shares ~~company~~and ~~incorporated~~warrants ~~with~~will ~~limited~~continue ~~liability~~to inbe eligible to be quoted on the ~~Cayman~~OTC ~~Islands~~Markets (under the tickers “~~Company~~FNVUF,”) “FNVTF,” and “FNVWF,” respectively.

OnAs previously ~~April~~reported 2on the Company’s Current Report on Form 8-K filed with the SEC on November 12, ~~2025~~2024, the ~~parties~~Company received written notice from the Nasdaq Hearings Panel (the “Panel”) on November 8, 2024, indicating that the Panel had determined to delist the ~~Business~~Company’s ~~Combination~~securities ~~Agreement~~from ~~entered~~Nasdaq ~~into~~and that trading in the ~~Third~~Company’s ~~Amendment~~securities would be suspended at the open of trading on November 12, 2024, due to ~~Business~~the ~~Combination~~Company’s ~~Agreement~~failure (to timely satisfy the ~~“Third~~terms ~~Amendment~~of the Panel’s July 3, 2024 decision (the “Decision”). Pursuant to the terms of the Decision, ~~pursuant~~ amongst other things, the Company was required to ~~which~~close its initial business combination (the ~~parties~~“Business ~~agreed~~Combination”) with an operating entity and the combined entity was required to ~~extend~~evidence compliance with the ~~Outside~~criteria ~~Date~~for ~~(as~~initial ~~defined~~listing inon Nasdaq, including the applicable holders requirement, by November 4, 2024. On November 6, 2024, the Company notified the Panel that it would not be able to close its Business Combination ~~Agreement)~~by ~~from~~the ~~March~~Panel’s 31November 4, ~~2025~~2024, deadline. Accordingly, the Panel determined to ~~July~~delist ~~31,~~the ~~2025~~Company’s securities from Nasdaq.

~~The~~Also, as ~~foregoing~~previously ~~description~~disclosed, ofthe Company entered into a Business Combination Agreement (the “Business Combination Agreement”) ~~Third~~with ~~Amendment~~Scage isFuture, ~~qualified~~an exempted company incorporated with limited liability in ~~its~~the ~~entirety~~Cayman byIslands ~~reference~~(“Pubco”), toand Scage International Limited, an exempted company incorporated with limited liability in the ~~full~~Cayman ~~text~~Islands of(“Scage”), among other parties. A Registration Statement on Form F-4 (File No. 333-281332) filed by Pubco and Scage with the ~~Third~~SEC ~~Amendment~~has been declared effective by the SEC, and aScage ~~copy~~received approval for listing from the China Securities Regulatory Commission (“CSRC”), both of which isrequlatory approvals ~~filed~~are asconditions ~~Exhibit 2~~for consuming the Business Combination.1 ~~hereto~~Additionally, ~~and~~on isMarch ~~incorporated~~28, ~~herein~~2025, the Company held an extraordinary general meeting of shareholders to approve, among other things, the Business Combination, at which meeting, the Business Combination, among other actions, was approved by ~~reference~~the Company’s shareholders.

~~Item~~Pubco has 9applied for listing on Nasdaq of its securities on Nasdaq under the symbols “SCAG.01” ~~Financial~~Nasdaq’s ~~Statements~~approval ~~and~~of ~~Exhibits~~Pubco’s listing is a condition to the closing of the Business Combination. The Company does not believe that the Company’s Nasdaq delisting will materially impact the parties’ ability to complete the Business Combination on the terms thereof or the combined company’s ability to list on a national securities exchange. The Company is currently working with Scage, among other parties, to satisfy all remaining closing conditions pursuant to the Business Combination Agreement, including Nasdaq approval of Pubco’s listing.

~~(d)~~Item 8.01. ~~Exhibits~~Other Events.

Exhibit No.		Description
2.1		Third Amendment to Business Combination Agreement, dated as of April 2, 2025, by and among Finnovate Acquisition Corp., Scage Future, Hero 1, Hero 2 and Scage International Limited.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

Extension Contribution

NoAs previously ~~Offer~~reported Oron ~~Solicitation~~the Company’s Current Report on Form 8-K filed with the SEC on November 12, 2024, the Company agreed to deposit $43,264.60 per month into its trust account, which equates to approximately $0.05 per remaining public share that was not redeemed in connection with its extension (“Extension”) from November 8, 2024 to May 8, 2025, for each calendar month (commencing on November 8, 2024 and ending on the 7th day of each subsequent month) until May 8, 2025, or portion thereof, that would be needed to complete an initial business combination, for up to an aggregate of $259,588 plus any applicable interest.

~~This Current Report on Form 8-K~~As isof ~~for~~April ~~informational~~29, ~~purposes~~2025, ~~only~~the ~~and~~Company ~~does~~had ~~not~~deposited ~~constitute~~ an ~~offer~~aggregate ~~to sell or the solicitation~~ of ~~an offer to buy any securities~~$86,942 ~~nor shall~~into ~~there~~the beCompany’s ~~any~~trust ~~sale of securities in any jurisdiction in which the offer~~account, ~~solicitation~~including ~~or sale would be unlawful prior to the registration~~contributions ~~or qualification under the securities laws~~ of ~~any~~$43,540 ~~such~~(including ~~jurisdiction~~$275.40 ~~No offering~~ of ~~securities~~applicable ~~shall~~interest) beand ~~made~~$43,402 ~~except~~(including by$137.40 ~~means~~ of aapplicable ~~prospectus meeting~~interest), ~~the~~representing ~~requirements~~contributions to ofsupport ~~Section 10 of~~ the ~~Securities~~Extension ~~Act~~through ofMay ~~1933, as amended~~2025.

~~Forward-Looking Statements~~2

~~The information in this Current~~No ~~Report~~Offer onOr Form 8-K includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “may,” “will,” “expect,” “continue,” “should,” “would,” “anticipate,” “believe,” “seek,” “target,” “predict,” “potential,” “seem,” “future,” “outlook” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics and projections of market opportunity and market share; references with respect to the anticipated benefits of the proposed transactions contemplated by the Business Combination Agreement and the projected future financial performance of Finnovate and the Company’s operating companies following the proposed Business Combination; changes in the market for the Company’s products and services and expansion plans and opportunities; the Company’s ability to successfully execute its expansion plans and business initiatives; ability for the Company to raise funds to support its business; the sources and uses of cash of the proposed Business Combination; the anticipated capitalization and enterprise value of the combined company following the consummation of the proposed Business Combination; the projected technological developments of the Company and its competitors; ability of the Company to control costs associated with operations; the ability to manufacture efficiently at scale; anticipated investments in research and development and the effect of these investments and timing related to commercial product launches; and expectations related to the terms, approvals, and timing of the proposed Business Combination. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s and Finnovate’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company and Finnovate. These forward-looking statements are subject to a number of risks and uncertainties, including the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the transactions described herein; the inability to recognize the anticipated benefits of the Business Combination; the ability to obtain or maintain the listing of the Pubco’s securities on The Nasdaq Stock Market following the Business Combination, including having the requisite number of shareholders; costs related to the Business Combination; changes in domestic and foreign business, market, financial, political and legal conditions; risks relating to the uncertainty of certain projected financial information with respect to the Company; the Company’s ability to successfully and timely develop, manufacture, sell and expand its technology and products, including implement its growth strategy; the Company’s ability to adequately manage any supply chain risks, including the purchase of a sufficient supply of critical components incorporated into its product offerings; risks relating to the Company’s operations and business, including information technology and cybersecurity risks, failure to adequately forecast supply and demand, loss of key customers and deterioration in relationships between the Company and its employees; the Company’s ability to successfully collaborate with business partners; demand for the Company’s current and future offerings; risks that orders that have been placed for the Company’s products are cancelled or modified; risks related to increased competition; risks relating to potential disruption in the transportation and shipping infrastructure, including trade policies and export controls; risks that the Company is unable to secure or protect its intellectual property; risks of product liability or regulatory lawsuits relating to the Company products and services; risks that the post-combination company experiences difficulties managing its growth and expanding operations; the uncertain effects of certain geopolitical developments; the inability of the parties to successfully or timely consummate the proposed Business Combination, including the risk that any required shareholder or regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Business Combination; the outcome of any legal proceedings that may be instituted against the Company, Finnovate, Pubco or others following announcement of the proposed Business Combination and transactions contemplated thereby; the ability of the Company to execute its business model, including market acceptance of its planned products and services and achieving sufficient production volumes at acceptable quality levels and prices; technological improvements by the Company’s peers and competitors; and those risk factors discussed in documents of Pubco and Finnovate filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Finnovate nor the Company presently know or that Finnovate and the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Finnovate’s, Pubco’s and the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. Finnovate, Pubco and the Company anticipate that subsequent events and developments will cause Finnovate’s, Pubco’s and the Company’s assessments to change. However, while Finnovate, Pubco and the Company may elect to update these forward-looking statements at some point in the future, Finnovate, Pubco and the Company specifically disclaim any obligation to do so. Readers are referred to the most recent reports filed with the SEC by Finnovate. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.Solicitation

~~SIGNATURE~~This Current Report on Form 8-K is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

~~Pursuant to the requirements of~~Forward-Looking ~~the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~Statements

	Finnovate Acquisition Corp.
Date: April 7, 2025	By:	/s/ Calvin Kung
	Name:	Calvin Kung
	Title:	Chief Executive Officer

The information in this Current Report on Form 8-K includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “may,” “will,” “expect,” “continue,” “should,” “would,” “anticipate,” “believe,” “seek,” “target,” “predict,” “potential,” “seem,” “future,” “outlook” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding expectations related to the terms, approvals, and timing of the proposed Business Combination. These statements are based on various assumptions, whether or not identified in this Current Report, and on the current expectations of Scage’s and the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Scage and the Company. These forward-looking statements are subject to a number of risks and uncertainties, including the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the transactions described herein; the inability to recognize the anticipated benefits of the Business Combination; the ability to obtain or maintain the listing of the Pubco’s securities on The Nasdaq Stock Market following the Business Combination; costs related to the Business Combination; changes in domestic and foreign business, market, financial, political and legal conditions; risks relating to the uncertainty of certain projected financial information with respect to Scage; Scage’s ability to successfully and timely develop, manufacture, sell and expand its technology and products, including implement its growth strategy; Scage’s ability to adequately manage any supply chain risks, including the purchase of a sufficient supply of critical components incorporated into its product offerings; risks relating to Scage’s operations and business, including information technology and cybersecurity risks, failure to adequately forecast supply and demand, loss of key customers and deterioration in relationships between Scage and its employees; Scage’s ability to successfully collaborate with business partners; demand for Scage’s current and future offerings; risks that orders that have been placed for Scage’s products are cancelled or modified; risks related to increased competition; risks relating to potential disruption in the transportation and shipping infrastructure, including trade policies and export controls; risks that Scage is unable to secure or protect its intellectual property; risks of product liability or regulatory lawsuits relating to Scage’s products and services; risks that the post-combination company experiences difficulties managing its growth and expanding operations; the uncertain effects of certain geopolitical developments; the inability of the parties to successfully or timely consummate the proposed Business Combination, including the risk that any required shareholder or regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Business Combination; the outcome of any legal proceedings that may be instituted against Scage, the Company, Pubco or others following announcement of the proposed Business Combination and transactions contemplated thereby; the ability of Scage to execute its business model, including market acceptance of its planned products and services and achieving sufficient production volumes at acceptable quality levels and prices; technological improvements by Scage’s peers and competitors; and those risk factors discussed in documents of Pubco and the Company filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither the Company nor Scage presently know or that Finnovate and Scage currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s, Pubco’s and Scage’s expectations, plans or forecasts of future events and views as of the date of this press release. Finnovate, Pubco and Scage anticipate that subsequent events and developments will cause the Company’s, Pubco’s and Scage’s assessments to change. However, while the Company, Pubco and Scage may elect to update these forward-looking statements at some point in the future, the Company, Pubco and Scage specifically disclaim any obligation to do so. Readers are referred to the most recent reports filed with the SEC by the Company. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Finnovate Acquisition Corp.

Date: May 1, 2025	By:	/s/ Calvin Kung
	Name:	Calvin Kung
	Title:	Chief Executive Officer

Filing Compare · Finnovate Acquisition Corp.