Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 103

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 10
Chunk 103
---
ITEM 10. ADDITIONAL INFORMATION
A. Share Capital
 
Our authorized share capital is US$50,000 divided into 500,000,000 shares comprising (1) 400,000,000 Ordinary Shares of US$0.0001 par value each; and (2) 100,000,000 shares of US$0.0001 par value each of such class or classes (however designated) as our board of directors may determine in accordance with the A&R MAA. As of the date of this Report, subsequent to the closing of the Business Combination, there are 72,243,992 Ordinary Shares and 21,737,500 Assume Warrants issued and outstanding.
 
Certain of our shareholders are subject to lock-up as described in the Form F-4 and in this Report.
 
B. Memorandum and Articles of Association
 
We are a Cayman Islands exempted company with limited liability. Our affairs are governed by our A&R MAA, the Companies Act and the common law of the Cayman Islands.
 
The following includes a summary of the material provisions of the A&R MAA in so far as they relate to the material terms of our 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 A&R MAA, which has been filed as Exhibit 1.1 to this Report.
 
35

 

Ordinary Shares
 
General
 
All of the issued Ordinary Shares are fully paid and non-assessable. Certificates representing the ordinary shares are issued in registered form. Our shareholders who are non-residents of 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 the A&R MAA:

●           the directors may declare dividends or distributions       
    out of our funds which are lawfully available for that purpose; and
-----------------------------------------------------------------------

●                                                our shareholders may, by ordinary resolution,                                             
     declare dividends but no such dividend shall exceed the amount recommended by the directors. Subject to the requirements of the Cayman
    Companies Act regarding the application of a company’s share premium account and with the sanction of an ordinary resolution, dividends
                                        may also be declared and paid out of any share premium account.                                    
-------------------------------------------------------------------------------------------------------------------------------------------
 
Voting rights
 
Subject to any rights or restrictions as to voting attached to any shares, unless any share carries special