Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 81

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 5
Chunk 81
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 from the auditor attestation requirements with respect to internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act, (b) the exemptions from say-on-pay, say-on-frequency and say-on-golden parachute voting requirements and (c) reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements.
 
PubCo will remain an EGC until the earliest of (1) the last day of its fiscal year during which it has total annual gross revenues of at least US$1.235 billion; (2) the last day of its fiscal year following the fifth anniversary of the closing of the Business Combination; (3) the date on which PubCo has, during the previous three-year period, issued more than US$1.0 billion in non-convertible debt; or (4) the date on which PubCo is deemed to be a “large accelerated filer” under the Securities Exchange Act of 1934, as amended, or the Exchange Act, which would occur if PubCo has been a public company for at least 12 months and the market value of its ADSs that are held by non-affiliates exceeds US$700 million as of the last business day of its most recently completed second fiscal quarter.
 
Foreign Private Issuer Status
 
PubCo qualifies as a “foreign private issuer” as defined under SEC rules. Even after PubCo no longer qualifies as an emerging growth company, as long as PubCo continues to qualify as a foreign private issuer under SEC rules, PubCo is exempt from certain SEC rules that are applicable to U.S. domestic public companies, including:

●    the rules requiring domestic filers to issue 
    financial statements prepared under U.S. GAAP;
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●                                       the sections of the Exchange Act regulating                                    
    the solicitation of proxies, consents or authorizations in respect of a security registered under the Exchange Act;
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●                                                 the sections of the Exchange Act requiring                                              
    insiders to file public reports of their share ownership and trading activities and liability for insiders who profit from trades made
                                                          in a short period of time;                                                      
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●                                     the rules under the Exchange Act requiring                                 
    the filing with the SEC of quarterly reports on Form 10-Q containing financial statements and other specified
        information, and current reports on Form 8-K upon the occurrence of specified significant events; and    
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●       the selective disclosure rules by issuers of   
    material nonpublic information under