Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 120

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 120
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 2021, the Group entered into a debt agreement with Shenzhen Deju Brothers No.2 Enterprise Management Partnership (“Shenzhen Deju”), pursuant to which Shenzhen Deju would provide US$891,352 (RMB6,345,000) of debt and the Group would issue a warrant to Shenzhen Deju to purchase 755,383shares of Series A Convertible Redeemable Preferred Shares at US$1.18 per share. The warrant can be exercised once Shenzhen Deju completes the foreign exchange registration procedures for ODI under SAFE requirements. The Group received US $891,352 (RMB6,345,000) of debt from Shenzhen Deju in January 2022. The Group is obligated to pay interest at 3% simple interest per annum if Shenzhen Deju does not exercise the warrant before the maturity of the debt. The maturity date is the earlier of: (1) ten years after Shenzhen Deju remitting the debt, or (2) two months after the Shenzhen Deju exercising the warrant. On February 13, 2023, the Group entered into a settlement agreement with Shenzhen Deju, pursuant to which the maturity date was amended to the earlier of (1) October 1, 2023, or (2) two months after Shenzhen Deju exercising the warrant; and Shenzhen Deju had the option (1) to require the Group to repay the principal amount of the debt plus interest or (2) to convert to Series A Convertible Redeemable Preferred Shares, before the maturity date. On August 30, 2023, the Group signed the second settlement agreement with Shenzhen Deju, which extended the maturity date to June 30, 2024. In addition, in lieu of receiving repayment from the Group of the debt, Shenzhen Deju had the option to directly 24 receive 755,383 ordinary shares of Scage International without paying the exercise price. On July3, 2024, the Group signed the third settlement agreement with Shenzhen Deju, which extended the maturity date to August31, 2024. On August27, 2024, the Group signed the fourth settlement agreement with Shenzhen Deju, which extended the maturity date to September30, 2024. On October2, 2024, the Group signed the fifth settlement agreement with Shenzhen Deju, which extended the maturity date to October31, 2024. On October31, 2024,