Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 434

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 434
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 contingent fee of at least US$3,500,000 if we consummate an initial business combination. No expense for which has been included in the unaudited condensed financial statements related to this agreement. As of May 8, 2023, this agreement was terminated. On August 29, 2023, the Company engaged a third -partyconsultant to provide the Company with introduction to potential targets for its initial business combination. Pursuant to the terms of the agreement, as amended and restated on October13, 2024, the Company has agreed to pay a contingent fee of 0.05% of the implied enterprise value of the target if the Company consummates an initial business combination. As the agreement was a subsequent event and the Business Combination is not considered probable, no expense for which has been included in the unaudited condensed financial statements related to this agreement. Critical Accounting Policies Management’s discussion and analysis of our results of operations and liquidity and capital resources are based on our audited financial information. We describe our significant accounting policies in Note 2 (Summary of Significant Accounting Policies), of the Notes to Unaudited Condensed Financial Statements included in this Report, with those considered critical outlined below. Our audited financial statements have been prepared in accordance 214 with GAAP. Certain of our accounting policies require that management apply significant judgments in defining the appropriate assumptions integral to financial estimates. On an ongoing basis, management reviews the accounting policies, assumptions, estimates and judgments to ensure that our unaudited condensed financial statements are presented fairly and in accordance with GAAP. Judgments are based on historical experience, terms of existing contracts, industry trends and information available from outside sources, as appropriate. However, by their nature, judgments are subject to an inherent degree of uncertainty, and, therefore, actual results could differ from our estimates. Class A Ordinary Shares Subject to Possible Redemption We account for our Class A ordinary shares subject to possible redemption in accordance with the guidance in ASC 480. Ordinary shares subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. Our Class A ordinary shares feature certain redemption rights that are considered to be outside of our control and subject to occurrence of uncertain future events. Accordingly, Class A