Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 614

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 614
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able Ordinary Shares and non -redeemableOrdinary Shares. The Company’s redeemable Ordinary Shares are comprised of Class A shares sold in the IPO. The Company’s non -redeemableshares are comprised of Class A shares held by EarlyBirdCapital and Class B shares purchased by the Sponsor which were converted into Class A shares with their original legend in May 2023. Earnings and losses are shared pro rata between the two classes of shares. The accompanying unaudited condensed statements of operations applies the two -classmethod in calculating net income (loss) per share. Basic and diluted net income (loss) per share for redeemable Ordinary Shares and non -redeemableOrdinary Shares is calculated by dividing net income (loss), allocated proportionally to each class of Ordinary Shares, attributable to the Company by the weighted average number of shares of redeemable and non -redeemableOrdinary Shares outstanding. The calculation of diluted income (loss) per ordinary share does not consider the effect of the rights issued in connection with the IPO since exercise of the rights is contingent upon the occurrence of future events and the inclusion of such rights would be anti -dilutive. Accretion of the carrying value of Class A Ordinary Shares to redemption value is excluded from net income (loss) per redeemable share because the redemption value approximates fair value. As a result, diluted income (loss) per share is the same as basic income per share for the period presented. Accordingly, basic and diluted income (loss) per Ordinary Share for the three months ended September 30, 2024 and September 30, 2023 is calculated as follows:

|                                               |     | For the three months ended 
 September 30, 2024         |           |   |     |            |           |   |     | For the three months ended 
 September 30, 2023         |           |     |            |           |
|:----------------------------------------------|:----|:---------------------------|----------:|:--|:----|:-----------|----------:|:--|:----|:---------------------------|----------:|:----|:-----------|----------:|
|                                               |     | Redeemable                 
 Ordinary                   
 Shares                     |           |   |     | Non-       
 Redeemable 
 Ordinary   
 Shares     |           |   |     | Redeemable                 
 Ordinary                   
 Shares                     |           |     | Non-       
 Redeemable 
 Ordinary   
 Shares     |           |
| Basic and diluted net (loss)