Group 1 - Scage International Limited successfully went public on NASDAQ under the ticker SCAG after merging with SPAC Finnovate Acquisition Corp on June 30, 2025 [3] - Scage is a leading provider of zero-emission technology in China, focusing on heavy-duty new energy commercial vehicles and innovative clean fuel systems to accelerate the decarbonization of global commercial transportation [3] - The company has strategic partnerships with top automotive manufacturers and a rigorous quality management system, offering intelligent and high-performance new energy vehicles for logistics, mining, and port transportation [3] Group 2 - Scage has extensive experience in the design, production, and testing of the next generation of heavy-duty new energy commercial vehicles, with key products including the Longwang II plug-in hybrid dump truck and the Galaxy II plug-in hybrid truck [3] - As of the first trading day, Scage's stock closed at $9 per share, with a market capitalization of approximately $6.475 billion [3] - Scage is actively leading the heavy-duty commercial vehicle industry towards sustainable development through its forward-thinking approach to clean energy and future mobility [3]

Core Viewpoint - The merger between Scage International and Finnovate Acquisition Corp. marks a significant milestone in advancing global decarbonization in commercial transportation, with plans for Nasdaq listing and expansion into new markets [1][3]. Group 1: Merger Details - Scage International has completed its business combination with Finnovate Acquisition Corp, with the new company, Scage Future, set to trade on Nasdaq under the ticker "SCAG" starting June 30, 2025 [1]. - The merger has received approval from Finnovate's shareholders and all remaining conditions have been satisfied or waived [1]. Group 2: Company Strategy and Vision - The CEO of Scage International emphasized that the Nasdaq listing will enhance market visibility and broaden financing channels, facilitating the commercialization of next-generation hybrid, electric, and hydrogen fuel cell trucks [3]. - The company plans to expand production capacity, invest in hydrogen infrastructure, and extend its global footprint in regions such as China, Central Asia, Southeast Asia, and the Middle East, while preparing to enter the European and American markets [3]. - Scage International aims to create long-term value for shareholders through a strong order backlog and an expanding portfolio of zero-emission products [3]. Group 3: Company Background - Scage International is a leading provider of zero-emission technology in China, focusing on accelerating the decarbonization of global commercial transportation through advanced heavy-duty new energy vehicle products and innovative clean fuel systems [4]. - The company has extensive experience in the design, production, and testing of the next generation of heavy-duty new energy commercial vehicles, with key products including the Longwang II plug-in hybrid dump truck and the Galaxy II plug-in hybrid truck [4].