Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 616

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 616
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 a price of $10.00 per Unit. The Company granted the underwriter a 45 -dayoption from the date of the IPO to purchase up to 2,250,000 additional Units to cover over -allotments, if any, at the IPO price less the underwriting discounts and commissions. On November 12, 2021, the Company closed on the underwriters’ full exercise of their over -allotmentoption which resulted in the sale of an additional 2,250,000 Units. The IPO and subsequent over -allotmentexercise generated gross proceeds of $172,500,000. Each Unit consists of one share of Class A Ordinary Shares and three -quartersof one redeemable Public Warrant. Each whole Public Warrant entitles the holder thereof to purchase one share of Class A Ordinary Shares at a price of $11.50 per share, subject to adjustment (see Note 9). Following the closing of the IPO on November 8, 2021 and subsequent exercise of the over -allotment, an aggregate of $175,950,000 ($10.20 per Unit) from the net proceeds of the sale of the Units and the sale of the Private Placement Warrants in the IPO and over -allotmentexercise was deposited into the Trust Account. As of September 30, 2024, the net proceeds deposited into the Trust Account are invested in an interest -bearingdemand deposit account. NOTE 4—PRIVATE PLACEMENT WARRANTS The Sponsor and EarlyBirdCapital agreed to purchase an aggregate of 7,900,000 Private Placement Warrants (7,400,000 bought by the Sponsor, and 500,000 bought by EarlyBirdCapital) at a price of $1.00 per Private Placement Warrant in a Private Placement that occurred simultaneously with the closing of the IPO. Simultaneously with the closing of the sale of the Over -AllotmentUnits on November 12, 2021, the Company completed an additional private sale of an aggregate of 900,000 warrants (the “Additional Private Placement Warrants”) to the Sponsor, which purchased 843,038 such warrants, and the underwriter, which purchased 56,962 such warrants. As a result of the IPO and subsequent over -allotmentexercise, an aggregate of 8,800,000 Private Placement Warrants were sold (8,243,038 to the Sponsor and 556,962 to EarlyBirdCapital) for gross proceeds of $8,800,000