Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 612

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 612
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         2023 |   |
|:----------------------------------------------------------------------|:----|:--|--------------:|:--|:----|:--|-------------:|:--|
| As of beginning of the period                                         |     | $ |    51,200,344 |   |     | $ |  178,531,059 |   |
| Plus:                                                                 |     |   |               |   |     |   |              |   |
| Remeasurement of carrying value to redemption value                   |     |   |     1,246,905 |   |     |   |    4,486,207 |   |
| Extension Contributions                                               |     |   |       587,500 |   |     |   |      800,000 |   |
| Less:                                                                 |     |   |               |   |     |   |              |   |
| Redemptions of Class A Ordinary Shares subject to possible redemption |     |   |   (26,907,976 | ) |     |   | (132,616,922 | ) |
|                                                                       |     | $ |    26,126,773 |   |     | $ |   51,200,344 |   |

Warrants The Company accounts for warrants as either equity -classifiedor liability -classifiedinstruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815. The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480 and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own Ordinary Shares and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid -incapital at the time of issuance. For issued or modified warrants that do not meet all of the criteria for equity classification, the warrants are required to be recorded at their initial fair value on the date of issuance, and each balance sheet date thereafter. The Company accounts for its outstanding warrants as equity -classifiedinstruments.