Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 422

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 422
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20, 2024; and •extend the Outside Date (as defined in the Business Combination Agreement) from February29, 2024 to October31, 2024. 208 On October31, 2024, the parties to the Business Combination Agreement entered into the Second Amendment to Business Combination Agreement. The amendment extends the Outside Date (as defined in the Business Combination Agreement) from October31, 2024 to March31, 2025. Lock-Up Agreements Simultaneously with the execution of the Business Combination Agreement, PubCo, Scage International, the Company and certain shareholders of Scage International (“Key Scage Shareholders”) entitled to vote an aggregate 80.9% of all issued and outstanding shares of Scage International (without conversion of outstanding convertible bonds of Scage International), which is sufficient to constitute the Required Company Shareholder Approval (as that term is defined in the Business Combination Agreement) as the holder of record or the beneficial owner within the meaning of Rule 135 -3of the Exchange Act, each entered into Lock -UpAgreements (each, a “Key Seller Lock -UpAgreement”). It is a condition to the Closing that all stockholders of Scage International between signing and Closing enter into a Lock -UpAgreement (each, a “Seller Lock -UpAgreement”). Pursuant to each Key Seller Lock -UpAgreement, each Key Scage Shareholder agreed not to, during the period commencing from the date and time at which the Closing is actually held (the “Closing Date”) and ending on (A) the 6 -monthanniversary of the Closing Date with respect to 40% of the restricted securities and (B) the 36 -monthanniversary of the Closing Date with respect to the remaining 60% of the restricted securities, (i) lend, offer, pledge, hypothecate, encumber, donate, assign, sell, offer to sell, contract or agree to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of or agree to transfer or dispose of, directly or indirectly, or establish or increase of a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act and the rules and regulations of the SEC promulgated thereunder, or otherwise transfer or dispose of, directly or indirectly, any restricted securities, (ii) enter into any swap or