Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 134

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 134
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 quality and regulatory standards. We have a limited number of customers and pending orders for our NEV trucks, and we cannot guarantee that non-binding memoranda of understanding and letters of intent will be converted into actual orders. We currently have a limited number of customer contracts. Our non -bindingmemoranda of understanding and letters of intent with potential customers do not represent assured sales and may not be converted into actual orders. In particular, we cannot ensure that these potential customers have or will have the financial capacity to place orders or that their interest in our products will persist. In addition, we have not received any deposits from such potential customers on certain of our orders, and they have no obligation to make purchases under those non -bindingmemoranda of understanding and letters of intent. Furthermore, these potential customers may not perform as expected and, therefore, may not have the means or market demand to convert the non -bindingmemoranda of understanding or letters of intent into real orders. If we fail to convert these arrangements into binding orders or secure long -termcontracts for volume sales, our business, prospects, results of operations and financial condition may be materially and adversely affected. Even if we secure more orders, customers may cancel their orders for various reasons or limit their initial purchases as they assess our NEV trucks and contemplate a broader transition to hydrogen -poweredsolutions. Their decision -makingwill depend on the safety, reliability, efficiency and quality of our products, as well as the support and service that we offer. It will also depend on factors beyond our control, such as general market conditions and broader trends in transportation, including fleet management, and availability and pricing of e -fuels, including hydrogen. As a result, there is significant uncertainty concerning the demand for our products and our potential growth rate. We may experience significant delays in the design and delivery of trucks that we collaborated in developing, which could harm our business and prospects. Vehicle manufacturers often experience delays in the design, manufacture and commercial release of new products. If we delay the launch of trucks that we collaborated in developing, our growth prospects could be adversely affected as we may fail to grow our market share. Furthermore, we rely on third -partycontract manufacturers and suppliers for the manufacture of our trucks and the provision and development of many of the key components and materials used in our vehicles. If our contract manufacturers and suppliers experience any delays in providing us with necessary services and products, we could experience delays in delivering on our timelines. Any of the foregoing could materially and adversely affect our brand, business,