Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 155

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 10
Chunk 155
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 United States for 183 days or more during the taxable year of the sale or disposition, and
certain other requirements are met. Such holders should consult their own tax advisors regarding the U. S. federal income tax consequences
of the sale or disposition of Company ADSs and Assumed Warrants.

Dividends and gains that
are effectively connected with a non-U. S. holder’s conduct of a trade or business in the United States (and, if required
by an applicable income tax treaty, are attributable to a permanent establishment or fixed base in the United States) generally
will be subject to U. S. federal income tax at the same regular U. S. federal income tax rates applicable to a comparable U. S. holder
and, in the case of a non-U. S. holder that is a corporation for U. S. federal income tax purposes, also may be subject to an
additional branch profits tax at a 30% rate or a lower applicable tax treaty rate.

The U. S. federal income tax treatment of
a non-U. S. holder’s exercise of an Assumed Warrant, or the lapse of an Assumed Warrant held by a non-U. S. holder, generally
will correspond to the U. S. federal income tax treatment of the exercise or lapse of a warrant by a U. S. holder, as described
under “ - U. S. Holders - Ownership and Disposition of Company ADSs and Assumed Warrants by U. S. Holders - Exercise
or Lapse of an Assumed Warrant,” above, although to the extent a cashless exercise results in a taxable exchange, the consequences
would be similar to those described in the preceding paragraphs above for a non-U. S. holder’s gain on the sale or other disposition
of the Company ADSs and Assumed Warrants.

F. Dividends and Paying Agents

We have no current plans
to pay dividends. We do not currently have a paying agent.

G. Statement by Experts

Not applicable.

H. Documents on Display

We are subject to certain
of the informational filing requirements of the Exchange Act. Since we are a “foreign private issuer,” we are exempt from
the rules and regulations under the Exchange Act prescribing the furnishing and content of proxy statements, and our officers, directors
and principal shareholders are exempt from the reporting and “short-swing” profit recovery provisions contained in Section
16 of the Exchange Act, with respect to