Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 502

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 502
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 in the PubCo A&R MAA, unless elsewhere defined herein. PubCo is a Cayman Islands exempted company and its affairs are governed by the PubCo A&R MAA, upon the closing of the Business Combination, the Cayman Companies Act, and the common law of the Cayman Islands. As of the date of this proxy statement/prospectus, the authorized share capital of PubCo is US$50,000 divided into 500,000,000shares comprising (i) 400,000,000 PubCo Ordinary Shares of US$0.0001 par value each; and (ii) 100,000,000shares of US$0.0001 par value each of such class or classes (however designated) as the PubCo’s board of directors may determine in accordance with the PubCo A&R MAA, with one ordinary share issued and outstanding. Following the completion of the Business Combination, PubCo will have up to 72,810,209 PubCo Ordinary Shares issued and outstanding (assuming no redemption, no conversion of outstanding convertible bonds of Scage International and no share issuance to the financial consultant upon Closing), or up to 71,944,917 PubCo Ordinary Shares issued and outstanding (assuming Contractual Maximum Redemption and no conversion of outstanding convertible bonds of Scage International and no share issuance to the financial consultant upon Closing). All of the PubCo Ordinary Shares issued and outstanding, and all of the PubCo Ordinary Shares to be issued pursuant to the Business Combination have been or will be issued as fully paid, and certain PubCo Ordinary Shares issued pursuant to the Business Combination will be represented by PubCo ADSs. The following includes a summary of the material provisions of the PubCo A&R MAA of the PubCo after the completion of the Business Combination and the Cayman Companies Act in so far as they relate to the material terms of PubCo Ordinary Shares. The following summary is not complete and is subject to, and is qualified in its entirety by reference to, the provisions of the PubCo A&R MAA attached as Annex C to this proxy statement/prospectus. Ordinary Shares General All of the issued PubCo Ordinary Shares are fully paid and non -assessable. Certificates representing the ordinary shares are issued in registered form. Our shareholders who are non -residentsof the Cayman Islands may freely hold and vote their ordinary shares. Dividends Subject to the provisions of the Cayman Companies Act and any rights attaching to any class or classes of shares under and in accordance with