Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 279

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 279
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 uncertainties inherent in the assumptions further described below. Among the risks described in the “Risk Factors” section that are particularly relevant include: •“Risks Related to Our Business and Industry—We have a limited operating history and face significant challenges in the heavy -dutycommercial NEV industry and the e -fuelsolution industry, which may render the evaluation of our business and prospects difficult and may increase the risk of your investment”, which captures uncertainties for Scage International future performance as an early -stagecompany and a new entrant into fast -developingindustries. 116 •“—Our business model has yet to be fully tested. Any failure to implement our strategic plans could have a material adverse effect on our business, harm our reputation and result in substantial liabilities that exceed our resources”, which captures uncertainties related to the rollout of infrastructure supporting the sale of trucks based on Scage International’s hydrogen technology. •“—We may need to raise additional funds, which may not be available on terms favorable to us or our shareholders or at all when needed,” which captures uncertainties relating to Scage International’s ability to satisfy its capital requirements (and thereby sustain its overall growth) through subsequent rounds of financing. There can be no assurance that the projected results will be realized or that actual results will not be significantly higher or lower than projected. None of Scage International’s independent registered public accounting firm, Finnovate’s independent registered accounting firm or any other independent accountants, have compiled, examined or performed any procedures with respect to the financial projections included below, nor have they expressed any opinion or any other form of assurance on such information or their achievability. Nonetheless, the financial projections described below are included in this proxy statement/prospectus because they were made available to Finnovate and the Finnovate Board in connection with their review of the Business Combination Agreement and related transactions. The financial projections were provided to Finnovate only for use as a component in its overall evaluation of Scage International and should not be viewed as public guidance. Furthermore, the financial projections do not take into account any circumstances or events occurring after the date on which the financial projections were reviewed by Finnovate’s management. Since the financial projections cover multiple years, such information by its nature becomes less reliable with each successive year. Initial Projections The Initial Projections were prepared using several assumptions, including, but not limited to, the following assumptions that Scage International management believed to be material at the time the Initial Projections were prepared: •assumptions relating to macro