Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 136

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 136
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 will be harmed, and our business, prospects, results of operations and financial condition will be materially and adversely affected. Our future growth is dependent upon customers’ willingness to adopt NEV trucks, including trucks powered by e-fuel . If the market for heavy-duty commercial NEVs does not develop or develops slower than we expect, our business, prospects, results of operations and financial condition will be adversely affected. The market for heavy -dutycommercial NEVs, especially those powered by hydrogen fuel cells, is relatively new and untested and is expected to experience technology innovation, intense price competition among numerous competitors, evolving regulations and industry standards, and unpredictable customer preferences. Our growth is highly dependent upon customers’ shift towards alternative fuel and electric trucks. Factors that may influence the adoption of NEV trucks include but are not limited to the following, most of which are beyond our control: •public perception of the quality, safety, design, performance and cost of NEV trucks, especially if adverse events or accidents arise that are linked to the quality or safety of NEV trucks; •general concerns about vehicle safety, including the use of advanced technologies, such as vehicle electronics, hydrogen fueling and storage and regenerative braking systems; •the premium in the anticipated initial purchase prices of trucks that we collaborated in developing over those of comparable trucks powered by internal combustion engines or other alternative energy sources, both including and excluding the effect of possible government and other subsidies and incentives designed to promote the purchase of vehicles powered by clean energy; •the total cost of ownership of the vehicle over its expected life, which includes the initial purchase price and ongoing operating costs, including fuel supply and maintenance costs; •the decline of vehicle efficiency resulting from deterioration over time in the ability of the battery to hold a charge; •concerns over the availability of hydrogen stations, including those we plan to develop and deploy, which could impede our present efforts to promote hydrogen -fueledtrucks as a desirable alternative to diesel trucks; 40 •improvements in fuel efficiency of traditional internal combustion engines; •access to maintenance and repair services, as well as adequate insurance policies, for NEV trucks; •the availability and terms of financing options for our customers to purchase or lease trucks that we collaborated in developing; •volatility in the cost of energy, oil, gasoline and hydrogen; •the availability of tax benefits and other governmental incentives for purchasing and operating NEV trucks, or regulations requiring increased use of non -pollutingtrucks; •the availability of tax benefits and other governmental