Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 414

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 414
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 and acquisitions and fund other general corporate purposes; •limitations on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate; •increased vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation; and 204 •limitations on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements and execution of our strategy and for other purposes, and other disadvantages compared to our competitors who have less debt. We completed the sale of 15,000,000 Units at US$10.00 per Unit on November 8, 2021. Simultaneous with the closing of our IPO, we completed the sale of 7,900,000 Private Placement Warrants at a price of US$1.00 per Private Placement Warrant in a private placement to the Sponsor as well as to EBC, generating gross proceeds of US$7,900,000 from the sale of the Private Placement Warrants. On November 12, 2021, we closed on the full exercise of the underwriters’ over -allotmentoption, which resulted in the sale of an additional 2,250,000 Units for additional gross proceeds to us of US$22,500,000 and aggregate IPO and over -allotmentgross proceeds of US$172,500,000. Simultaneously with the exercise of the over -allotment, the Sponsor purchased an additional 900,000 Private Placement Warrants, which resulted in additional gross proceeds of US$900,000 and aggregate private placement proceeds from the IPO and over -allotmentof US$8,800,000. Following the closing of our IPO on November 8, 2021 and the subsequent exercise of the over -allotmentoption, US$175,950,000 (US$10.20 per Unit) from the net proceeds of the sale of the Units in our IPO and the sale of the Private Placement Warrants was placed in a Trust Account, located in the United States at a nationally recognized financial institution, with Continental acting as trustee and until November 2, 2023 invested only in in United States “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act having a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a -7promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations. Pursuant