Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 141

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 141
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 you that such systems will be successfully developed. Products and services that we collaborated in developing or providing will require a substantial amount of third -partyand in -housesoftware and complex hardware to operate. The development of such advanced technologies is inherently complex and costly, and we will need to coordinate with our suppliers in order to produce and operate our NEV trucks in collaboration with vehicle manufacturers. Defects and errors may be revealed over time and our control over the performance of third -partyservices and systems may be limited. We may be unable to develop the necessary software and technology systems or meet the technological requirements to support our business plan. In addition, the technology may not comply with the cost, performance useful life and warranty requirements we anticipate in our business plan. As a result, our business plan could be significantly impacted and we may incur significant liabilities under warranty claims which could adversely affect our business, prospects, and results of operations. We may be unable to expand on our intellectual property portfolio or otherwise develop the technology needed to operate our business. Our ability to refine and grow our portfolio of intellectual property and technology depends on many factors, including our ability to attract and retain a skilled technical workforce and our ability to devote sufficient resources to research and development efforts. Our failure to continue the development of our intellectual property and technology portfolio could materially and adversely affect our business, prospects, results of operations and financial condition. We may incur material losses and costs as a result of warranty claims, product recalls, and product liabilities that may be brought against us. We face an inherent business risk of exposure to warranty claims and product liability in the event that products that we collaborated in developing fail to perform as expected and, in the case of product liability, such failure of products that we collaborated in developing and selling results in bodily injury or property damage. Our 43 customers specify quality, performance, and reliability standards. If flaws in either the design or manufacture of products that we collaborated in developing and selling were to occur, we could experience a rate of failure in our products that could result in significant delays in delivery and product re -workor replacement costs. Although we engage in extensive product quality programs and processes, these may not be sufficient to avoid product failures, which could cause us to: •lose revenue; •incur increased costs, such as warranty expenses and costs associated with customer support; •experience delays, cancellations, or rescheduling of orders for our products; •experience increased product returns or discounts; or •experience reputation damage. All of these could adversely affect our results of