Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 274

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 274
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 customer relationships with the likes of China Merchants Group, SF Express, and Shenhua Group. Per customer due diligence, customers highlight a demand for both Scage International’s existing offerings as well as its future offerings, such as autonomous driving. Scage International’s management team has imbedded the 113 company with suppliers such as Xuzhou Construction Machinery Group Co., Ltd. (“XCMG”) and C&C Trucks Co., Ltd. Key to the depth of these relationships is the degree of interdependence, since Scage International is both a customer and a supplier of components to certain suppliers. In the course of its deliberations, in addition to the various other risks associated with the business of Scage International, as described in the section entitled “ Risk Factors” and appearing elsewhere in this proxy statement/prospectus, the Finnovate Board also considered a variety of uncertainties, risks and other potentially negative reasons relevant to the Business Combination, including the following: • Market Risk.Scage International’sfuture growth is dependent on the demand for, and upon customers’ willingness to adopt, EVs. The market for new alternative energy vehicles is still rapidly evolving, characterized by rapidly changing technologies, competitive pricing and competitive factors, evolving government regulation and industry standards, and changing customer demands and behaviors. • Business Plans May Not be Achieved.Scage International’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale is unproven. • Revenue concentration .Scage International currently has only two vehicles in mass production. • Competition .Scage International competes with offerings of larger, more established and better -capitalizedcompanies. • Macroeconomic Uncertainty .Macroeconomic uncertainty and the effects they could have on Scage International’s revenues and financial performance. • Litigation .The possibility of litigation challenging the Business Combination or that an adverse judgment granting permanent injunctive relief could indefinitely enjoin consummation of the Business Combination. • Readiness to be a Public Compan y. As Scage International has not previously been a public company, Scage International may not have all the different types of employees necessary for it to timely and accurately prepare financial statements and reports for filing with the SEC. There is a risk that Scage International will not be able to hire the necessary personnel to timely fill in these gaps or that Scage International’s compliance infrastructure may not be able to keep pace with the increased compliance risks presented by rapid growth. • Fees and Expenses .The fees and expenses associated with completing the Business Combination