Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 544

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 544
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 management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent assets and liabilities at the balance sheet date, and the reported revenues and expenses during the reported periods in the financial statements and accompanying notes. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the financial statements. (d) Fair value measurement The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short -termnature. F-7 SCAGE FUTURE
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. dollars, except for share and per share data, or otherwise noted) 4. Related party transactions For the period from July 14, 2023 (inception) through June 30, 2024, the Company’s related party, Scage International, an affiliate company, made several payments as formation costs on behalf of the Company. The payments were non -interestbearing and had no due date. The amount due to Scage International amounted to US$39,489 as of June 30, 2024. 5. Ordinary shares The authorized number of ordinary shares of the Company is 500,000,000shares with par value of US$0.0001 each. As of June 30, 2024, the Company had issued one ordinary share. 6. Subsequent events The Company has evaluated subsequent events through September16, 2024, the date of issuance of the financial statements and does not identify any other subsequent events with material financial impact on the Company’s financial statements. F-8 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders and Board of Directors of Scage International Limited Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Scage International Limited and its subsidiaries (the “Company”) as of June30, 2024 and 2023, the related consolidated statements of operations and comprehensive loss, changes in shareholders’ deficit and cash flows for each of the two years in the period ended June30, 2024, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June30, 2024