Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 624

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 624
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 terminated. On August 29, 2023, the Company engaged a third -partyconsultant to provide the Company with introduction to potential targets for its Business Combination. Pursuant to the terms of the agreement, the Company has agreed to pay a contingent fee of 0.5% of the implied enterprise value of the target if the Company consummates a Business Combination. On October13, 2024, the agreement was amended and restated to, among other things, reduce the contingent fee to 0.05%. As this amended agreement was a subsequent event and the Business Combination is not considered probable, no expense for which has been included in the unaudited condensed financial statements related to this agreement. Legal Agreement The Company has engaged a third -partylegal firm to provide the Company with assistance in various aspects of any potential Business Combination. Pursuant to the terms of the agreement, the Company has agreed to contingent payments upon the achievement of certain milestones. As of September 30, 2024, the Company has incurred and paid roughly $20,000 related to this agreement. An additional $90,000 could be earned by the legal firm as outlined in the contractual milestones. The remaining milestones are not yet considered probable and as such have not been accrued for. NOTE 9—SHAREHOLDERS’ DEFICIT Preference Shares The Company is authorized to issue 5,000,000 preference shares, with a par value of $0.0001 per share, with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s Board of Directors. As of September 30, 2024 and December 31, 2023, there were no preference shares issued or outstanding. Class A Ordinary Shares The Company is authorized to issue 500,000,000shares of Class A Ordinary Shares with a par value of $0.0001 per share. Holders of Class A Ordinary Shares are entitled to one vote for each share. As of September 30, 2024 and December 31, 2023, there were 4,462,499shares of Class A Ordinary Shares issued and outstanding (excluding 2,248,506 and 4,623,332shares subject to possible redemption), respectively. Class B Ordinary Shares The Company is authorized to issue 50,000,000shares of Class B Ordinary Shares with a par value of $0.0001 per share. As of September 30, 2024 and December 31,