Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 53

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 3
Chunk 53
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ITEM 3. KEY INFORMATION
A. [Reserved]
 
1

 

B. Capitalization and Indebtedness
 
The following table sets forth the capitalization of the Company on an unaudited pro forma condensed combined basis as of December 31, 2024, after giving effect to the Business Combination.

                  As                             Pro            
         of December 31, 2024                   Forma           
                                               Combined         
----------------------------------------------------------------
Cash and cash equivalents                            $75,230    
Ordinary shares                                        7,224    
Additional paid-in capital                        31,252,684    
Accumulated deficit                              (31,828,078   )
Accumulated other comprehensive income             1,468,757    
Non-controlling interests                           (261,928   )
Total Shareholders’ (Deficit)/Equity                 638,659    
Debt:                                                           
Long-term borrowings                               2,000,000    
Total capitalization                              $2,713,889    
 
C. Reasons for the Offer and Use of Proceeds
 
Not applicable.
 
D. Risk Factors
 
The risk factors associated with the Company are described in the Form F-4 in the section titled “Risk Factors,” which is incorporated herein by reference.
 
In addition, please refer to the below risk factors.

Our financial statements may be deemed incomplete because this Report does not include Finnovate Acquisition Corp.’s interim results for Q1 2025, which could expose us to regulatory or investor challenges.
 
This Report does not include or incorporate by reference the unaudited interim financial statements of Finnovate Acquisition Corp. for the quarter ended March 31, 2025, because these financial statements have not been available as of the date of this Report. Based on the proximity of Finnovate’s recently filed audited annual report on Form 10-K for the year ended December 31, 2024, we believe that there has been no material change in Finnovate’s financial position through the date of its business combination on June 27, 2025. We intend to file an amendment to this Report to incorporate Finnovate’s interim financial statements for the first quarter of 2025 as soon as practicable. However, there can be no assurance that regulators will not require additional financial information in the meantime, or that the absence of Finnovate’s interim financials will not delay or adversely affect future filings or our ability to maintain timely reporting compliance.