Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 121

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 121
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 the Group signed the sixth settlement agreement with Shenzhen Deju, which extended the maturity date to November30, 2024. On November29, 2024, the Group signed the seventh settlement agreement with Shenzhen Deju, which extended the maturity date to December31, 2024. Summary Risk Factors You should consider all the information contained in this proxy statement/prospectus in deciding how to vote for the proposals presented in this proxy statement/prospectus. In particular, you should consider the risk factors described under “Risk Factors” beginning on page 36. Such risks include, but are not limited to: Risks Related to Our Business and Industry Risks and uncertainties relating to Scage International’s business and industry include, but are not limited to, the following: •Scage International has a limited operating history and faces significant challenges in the heavy -dutycommercial NEV industry and the e -fuelsolutions industry, which may render the valuation of Scage International’s business and prospects difficult and may increase the risk of your investment. •Scage International’s business model has yet to be fully tested. Any failure to implement its strategic plans could have a material adverse effect on its business, harm its reputation and result in substantial liabilities that exceed its resources. •Scage International may need to raise additional funds, which may not be available on terms favorable to it or its shareholders or at all when needed. •Scage International had negative net cash flows from operating activities in the past and have not been profitable, which may continue in the future. •Scage International may be unable to adequately control the costs associated with its operations. •There is substantial doubt about Scage International’s ability to continue as a going concern. Risks Related to Doing Business in China Scage International and PubCo following the Business Combination face various legal and operational risks and uncertainties related to being based in and having significant operations in China, and therefore are subject to risks associated with doing business in China generally. Risks and uncertainties related to doing business in China could result in a material adverse change in the operations of Scage International and PubCo following the Business Combination, significantly limit or completely hinder the ability of Scage International and PubCo to consummate the Business Combination, or continue to offer PubCo’s securities to investors following the Business Combination, and cause the value of PubCo’s securities to significantly decline or become worthless. Such risks and uncertainties include, but not limited to, the following: •The PRC government has significant authority to exert influence on the