Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 135

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 135
---
 prospects, results of operations and financial condition. Our plan to build a network of hydrogen fueling stations will require significant financial investments and management resources. Our plan to build a network of hydrogen fueling stations will require significant financial investments and management resources. This planned construction of hydrogen stations is essential to convincing customers to pay a higher premium for trucks that we collaborated in developing. We have very limited experience in the provision of 39 refueling solutions to users, and rolling out these services comes with challenges, including the strategic placement of stations, potential capacity imbalances in some areas, security risks, risk of vehicle damage during charging or refueling, and the possibility of customers not embracing our services. We will need to ensure compliance with any regulatory requirements applicable in jurisdictions where our fueling stations will be located, including obtaining required permits and land use rights, which could be time -consumingand costly. There is also a risk that government support in certain areas may be discontinued. If we are unable to build, or experience delays in building, our network of hydrogen fueling stations, we may be unable to fulfill our fueling commitments to customers, leading to reduced truck sales and adversely affecting our business, prospects, results of operations and financial condition. We may not be able to produce or source the hydrogen needed to establish our planned hydrogen fueling stations. As a key component of our business model, we intend to establish a network of hydrogen fueling stations. We plan to produce the hydrogen needed for these stations on -sitethrough electrolysis. Should we face technological or financial challenges in producing the hydrogen, it could jeopardize the establishment of these stations and reduce the appeal of trucks that we collaborated in developing. Additionally, if we still proceed with the stations without in -househydrogen production, we may need to sell hydrogen at a loss to maintain our commitments. We believe that this hydrogen incentive will be a significant driver for purchases of trucks that we collaborated in developing, and therefore, any setbacks in setting up the hydrogen fueling stations as envisioned would materially and adversely affect our business. If we cannot successfully overcome the barriers to commercializing our trucks, our business will be negatively impacted. The trucking industry has traditionally been characterized by significant entry barriers, including substantial capital requirements, investment costs of designing vehicles, long lead times to bring vehicles to market from the concept and design stage, specialized design and development expertise, regulatory requirements, brand establishment, and setting up sales, fueling and service stations. If we fail to surmount these barriers, our ability to grow our business