Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 112

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 112
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, or its main place(s) of business are located in China, or the majority of senior management staff in charge of its business operations and management are PRC citizens or have their usual place(s) of residence located in China. Where an issuer submits an application for initial public offering to competent overseas regulators, such issuer must file with the CSRC within three business days after such application is submitted. In addition, the Overseas Listing Trial Measures provides that the direct or indirect overseas listings of the assets of domestic companies through one or more acquisitions, share swaps, transfers or other transaction arrangements shall be subject to filing procedures in accordance with the Overseas Listing Trial Measures, which filing shall be submitted within three business days after the issuer submits its application documents relating to the initial public offering and/or listing or after the first public announcement of the 20 relevant transaction (if the submission of relevant application documents is not required). The Overseas Listing Trial Measures also requires subsequent reports to be filed with the CSRC on material events, such as change of control or voluntary or forced delisting of the issuer(s) who have completed overseas offerings and listings. Guidance for Application of Regulatory Rules—Overseas Offering and Listing No. 1, promulgated by CSRC together with the Overseas Listing Trial Measures, provides that if a domestic enterprise completes an overseas offering through an overseas special purposes acquisition company, it shall submit the filing materials within three business days after such overseas special purposes acquisition company publicly announces such acquisition transaction. Based on the Overseas Listing Trial Measures and the clarification issued by at a press conference held by CSRC, Scage International shall be required to complete the filing procedures with the CSRC in connection with this Business Combination as required by the Overseas Listing Trial Measures for the listing of PubCo’s securities on Nasdaq, and the CSRC must have concluded the filing procedure and published the filing results on the CSRC website, prior to the listing of PubCo ADSs and the Assumed Warrants in accordance with the requirements under the Overseas Listing Trial Measures. Scage International designated Nanjing Scage as the domestic responsible entity to file with the CSRC in August 2023 and January 2024 after the filing of the Form 8 -Kannouncing the Business Combination and the submission of the registration statement on Form F -4. As of the date of this proxy statement/prospectus, Scage International is still in the process of, and has not completed, such filing procedures with the CSRC. Neither PubCo nor Scage International