Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 492

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 492
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IC for the taxable year in which it pays a dividend or for the preceding taxable year. See discussion below under “— Passive Foreign Investment Company Rules.” U.S. holders should consult their tax advisors regarding the availability of the lower rate for dividends paid with respect to PubCo ADSs. Subject to certain exceptions, dividends on PubCo ADSs will generally constitute foreign source income for foreign tax credit limitation purposes. If such dividends are qualified dividend income (as discussed above), the amount of the dividend taken into account for purposes of calculating the foreign tax credit limitation will be limited to the gross amount of the dividend, multiplied by a fraction, the numerator of which is the reduced rate applicable to qualified dividend income and the denominator of which is the highest rate of tax normally applicable to dividends. The limitation on foreign taxes eligible for credit is calculated separately with respect to specific classes of income. For this purpose, dividends distributed by PubCo with respect to the PubCo ADSs generally will constitute “passive category income” but could, in the case of certain U.S. holders, constitute “general category income.” Sale, Exchange or Other Taxable Disposition of PubCo ADSs and Assumed Warrants This section is subject to further discussion under “—Passive Foreign Investment Company Rules,” below. A U.S. holder generally would recognize gain or loss on any sale, exchange or other taxable disposition of PubCo ADSs or Assumed Warrants in an amount equal to the difference between (i) the amount realized on the disposition and (ii) such U.S. holder’s adjusted tax basis in such PubCo ADSs or such Assumed Warrants, as applicable. Any gain or loss recognized by a U.S. holder on a taxable disposition of PubCo ADSs or Assumed Warrants generally will be capital gain or loss. A non -corporateU.S. holder, including an individual, who has held the PubCo ADSs or Assumed Warrants for more than one year generally will be eligible for reduced tax rates for such long -termcapital gains. The deductibility of capital losses is subject to limitations. Any such gain or loss recognized generally will be treated as U.S. source gain or loss. In the event any non -U.S. tax (including withholding tax) is imposed upon such sale or other disposition, a U.S. holder’s ability to claim a foreign tax credit for such non -U.S. tax is subject to various limitations and restrictions. U.S. holders should consult their tax advisors regarding the ability to claim a