Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 387

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 387
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 ability to successfully execute business plan, which includes generating revenue while controlling operating cost and expenses to generate positive operating cash flows and obtaining funds from outside financing sources to generate positive financing cash flows. We intend to pursue private financing of debt or equity. There can be no assurances, however, that the current operating plan will be achieved or that additional funding will be available on terms acceptable to us, or at all. If we are unable to obtain sufficient cash flows and funding, we may have to delay our development efforts and limit activities, which could adversely affect our business and financial performance. Our future capital requirements depend on many factors including our growth rate, the continuing market acceptance of our offerings, the timing and extent of spending in research and development our efforts to strengthen our services abilities, the expansion of sales and marketing activities, and the expansion and penetration of our business into different geographies and markets. We may, however, need additional cash resources in the future if we experience changes in business conditions or other developments, or if we find and wish to pursue opportunities for investment, acquisition, capital expenditure or similar actions. If we determine that our cash requirements exceed the amount of cash and cash equivalents we have on hand at the time, we may seek to issue equity or debt securities or obtain credit facilities. The issuance and sale of additional equity would result in further dilution to our shareholders. The incurrence of indebtedness would result in increased fixed obligations and could result in operating covenants that would restrict our operations. Our obligation to bear credit risk for certain financing transactions we facilitate may also strain our operating cash flow. Cash Flows The following table sets forth a summary of our cash flows for the periods presented.

|                                                     |     | For the Year Ended 
 June 30,           
 2024               |            |   |     | 2023 |            |   |
|:----------------------------------------------------|:----|:-------------------|-----------:|:--|:----|:-----|-----------:|:--|
|                                                     |     | US$                |            |   |     | US$  |            |   |
| Net cash used in operating activities               |     |                    | (6,223,797 | ) |     |      | (4,892,650 | ) |
| Net cash used in investing activities               |     |                    | (1,596,653 | ) |     |      |   (166,170 | ) |
| Net cash provided by financing activities           |     |                    |  8,