Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 35

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 1
Chunk 35
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 JOBS Act, PubCo is as an emerging growth company (“ EGC”). As such, PubCo is eligible for and intends to rely on certain
exemptions and reduced reporting requirements provided by the JOBS Act, including (a) the exemption 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     

  the sections of the Exchange Act regulating                                                                          

  the sections of the Exchange Act requiring                                                                                              

  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         

Notwithstanding these exemptions