Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 666

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 666
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 RECITALS: WHEREAS , prior to the execution and delivery of this Agreement, the Company and Nanjing Scage Auto Tech Co., Ltd. ( 南京司凯奇汽车科技有限公司 ), a company incorporated in the PRC as a company with limited liability (“ Nanjing Scage ”), have entered into those certain agreements (together with all agreements, deeds, instruments or other documents as may be necessary or appropriate, the “ Reorganization Documents ”) to implement and effect the Reorganization in accordance with the reorganization plan provided to the Purchaser; WHEREAS , prior to the First Effective Time, the Sellers have received the entire issued share capital of the Company pursuant to the Reorganization such that the Sellers shall constitute and become the sole Company Shareholders as provided in the Reorganization Documents at the time of such distribution; WHEREAS , Pubco is a newly incorporated Cayman Islands exempted company that is currently wholly owned by Mr. Chao Gao, whose ownership is in the process of being transferred from Mr. Gao to One Strength Brother Limited, a company incorporated in the British Virgin Islands and wholly owned by Mr. Gao; WHEREAS , First Merger Sub (a newly incorporated Cayman Islands exempted company) and Second Merger Sub (a newly incorporated Cayman Islands exempted company) are both currently wholly owned by Mr. Chao Gao, whose ownership is in the process of being transferred from Mr. Chao Gao to Pubco; WHEREAS , the Parties desire and intend to effect a business combination transaction whereby (a) on the Closing Date, First Merger Sub will merge with and into the Company (the “ First Merger ”), with the Company surviving the First Merger as a wholly-owned subsidiary of Pubco and the outstanding Company Securities being converted into the right to receive Pubco Securities (the Company, in its capacity as the surviving company of the First Merger, is sometimes referred to herein as the “ Surviving Company ”); (b) on the Closing Date and immediately following the First Merger, and as part of the same overall transaction as the First Merger, Second Merger Sub will merge with and into the Purchaser (the “ Second Merger ”, and together with the First Merger, the “ Mergers ”), with the Purchaser surviving the Second Merger as a wholly-owned subsidiary of Pubco and the outstanding Purchaser Securities being converted into the right to receive Pubco Securities (the Purchaser, in