Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 622

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 622
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(UNAUDITED) NOTE 5—RELATED PARTY TRANSACTIONS (cont.) Administrative Services Agreement Commencing on the date that the Company’s securities are first listed on a U.S. national securities exchange, the Company has committed to pay a total of $3,000 per month to the Sponsor for office space, utilities and administrative support services. This administrative service arrangement will terminate upon completion of the Business Combination or liquidation of the Company. As of September 30, 2024, the Company has accrued $83,600 under the agreement in Due to related party and expensed $9,000 and $27,000 in Operating, general and administrative expenses for the three and nine month periods then ended. As of December31, 2023, the Company had accrued $56,600 under the agreement in Due to related party. NOTE 6—PROMISSORY NOTE On January 26, 2024, the Company issued an unsecured promissory note in the aggregate principal amount of up to $1,500,000 to Scage for the Company’s working capital needs. The January 2024 Promissory Note does not bear interest and matures upon the earlier of the closing of an initial Business Combination by the Company and the Company’s liquidation. As of September 30, 2024, $200,000 was outstanding under the January 2024 Promissory Note. NOTE 7—INVESTMENTS HELD IN TRUST ACCOUNT As of September 30, 2024, investments in the Company’s Trust Account consisted of $26,126,773 in an interest -bearingdemand deposit account. NOTE 8—COMMITMENTS AND CONTINGENCIES Registration Rights The holders of the Founder Shares and Private Placement Warrants (and any shares of Class A Ordinary Shares issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of the Working Capital Loans and upon conversion of the Founder Shares) will be entitled to registration rights pursuant to a registration rights agreement signed on the effective date of the IPO, requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to shares of Class A Ordinary Shares). The holders of these securities will be entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders will have certain “piggy -back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to