Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 61

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 4
Chunk 61
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 to the subscription agreements, the investor subscribed for 3,442,342 ordinary shares of Scage International in a private placement transaction at a per share price of US$5.81, which represented the per share price of the ordinary shares of Scage International based on a post-investment valuation of Scage International of US$800 million in line with evaluation of Scage International in connection with the Business Combination. Such shares subscribed by the investor were cancelled and converted into the right to receive a number of Ordinary Shares at the Exchange Ratio (as defined in the Business Combination Agreement) in the form of ADSs at the First Merger Effective Time pursuant to the Business Combination Agreement. 
 
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B. Business Overview
 
Following and as a result of the Business Combination, all business of the Company is conducted through Scage International and its subsidiaries. A description of the business of the Company is included in the Form F-4 in the sections titled “Scage International’s Business,” which is incorporated herein by reference.
C. Organizational Structure
 
Upon consummation of the Business Combination, Scage International has become our wholly owned subsidiary. The following diagram depicts a simplified organizational structure of the Company as of the date of this Report. These subsidiaries are also set forth in Exhibit 8.1 to this Report.
<{self.tag} alt="{self.alt}" src="{self.src}">D. Property, Plants and Equipment
 
We are currently headquartered in Nanjing, Jiangsu province, China. As of December 31, 2024, we leased three properties in Nanjing and Beijing for office space and an exhibit and storage center, with an aggregate floor area of 3,900.3 square meters. We lease our premises through lease agreements with unrelated third parties.