Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 760

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 760
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 with its cooperative manufacturers as soon as practicable, explicitly addressing important matters arising from the collaboration such as the ownership of Intellectual Property, Trademark usage, vehicle certification, and product liability. 7.23 Delivery of Audited Company Financial Statements. As soon as reasonably practicable following the date of this Agreement but no later than September 30, 2023, the Company shall deliver to Purchaser the Audited Company Financials; provided , that upon delivery of such Audited Company Financials as and when such Audited Company Financials have been signed by the Company’s independent auditors in connection with the filing of the Registration Statement, the representations and warranties set forth in Section 6.7(a) shall be deemed to apply to the Audited Company Financials with the same force and effect as if made as of the date of this Agreement. “ Audited Company Financial Statements ” means the audited financial statements of the Target Companies (including, in each case, any related notes thereto), consisting of the consolidated balance sheets of the Company as of June 30, 2022 and June 30, 2023, and the related consolidated income statements and statements of cash flow for the fiscal years then ended, each audited by PCAOB-qualified auditors in accordance with GAAP and PCAOB standards. 7.24 Indebtedness . If the Closing Date occurs prior to the original Outside Date as provided in Section 10.1, unless otherwise agreed by the Company in writing, the total Indebtedness of Purchaser (including all SPAC Transaction Expenses incurred in connection with this Agreement and the Transactions) shall not exceed the SPAC Fee Cap pursuant to Section 10.3. Annex A-1-47 ARTICLE VIII CLOSING CONDITIONS 8.1 Conditions to Each Party’s Obligations. The obligations of each Party to consummate the Transactions described herein shall be subject to the satisfaction or written waiver (where permissible) by the Company and Purchaser of the following conditions: (a) Required Purchaser Shareholder Approval. The Purchaser Shareholder Approval Matters that are submitted to the vote of the shareholders of Purchaser at the Special Shareholder Meeting in accordance with the Proxy Statement shall have been approved by the requisite vote of the shareholders of Purchaser at the Special Shareholder Meeting in accordance with Purchaser’s Organizational Documents, applicable Law and the Proxy Statement (the “ Required Shareholder Approval ”). (b) Required Company Shareholder Approval. The Company Special Meeting or Company Written Resolution shall have