Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 758

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 758
---
 at the Closing, Purchaser (i) shall cause any documents, and notices required to be delivered to the Trustee pursuant to the Trust Agreement to be so delivered and (ii) shall cause the Trustee to, and the Trustee shall thereupon be obligated to pay as and when due all amounts payable to former shareholders of the Purchaser pursuant to the Redemptions. The Parties agree that after the Closing, the funds in the Trust Account, after taking into account payments for the Redemption, and any proceeds received by Pubco or Purchaser from any PIPE Investment that was procured through the efforts led by Purchaser, shall first be used to pay (i) the unpaid SPAC Transaction Expenses and the Company Transaction Expenses, subject to the upper limits of the SPAC Fee Cap and Fee Cap, as applicable, as provided in Section 10.3 of this Agreement and (ii) thereafter be transferred to a Target Company or Pubco and used for working capital and general corporate purposes. 7.18 PIPE Investment. Without limiting anything to the contrary contained herein, during the Interim Period, Purchaser may, but shall not be required to enter into and consummate subscription agreements with investors relating to a private equity investment in Purchaser, Pubco or the Company to purchase shares of Purchaser, Pubco or the Company in connection with a private placement, and/or enter into backstop or other alternative financing arrangements with potential investors (a “ PIPE Investment ”). If Purchaser elects to seek a PIPE Investment, Purchaser and the Company shall, and shall cause their respective Representatives to, cooperate with each other and their respective Representatives in connection with such PIPE Investment and use their respective commercially reasonable efforts to cause such PIPE Investment to occur (including having the Company’s senior management participate in any investor meetings and roadshows as reasonably requested by Purchaser). Annex A-1-46 7.19 Tax Matters . The Parties hereby agree and acknowledge that for U.S. federal income Tax purposes, the Mergers together are intended to qualify as an exchange described in Section 351 of the Code (the “ Intended Tax Treatment ”). Each of the Parties acknowledge and agree that each is responsible for paying its own Taxes, including any adverse Tax consequences that may result if the Transactions do not qualify under Section 351 of the Code. Warrant Agreement. Immediately prior to the Effective Time, Purchaser shall assign to PubCo and PubCo shall assume all of Purchaser’s rights, interests, and obligations in and under the Warrant Agreement,