Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 105

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 105
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 are applicable to other public companies that are not “emerging growth companies” including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes -OxleyAct of 2002 (the “Sarbanes -OxleyAct”), reduced disclosure obligations regarding executive compensation in their periodic reports and proxy statements, and exemptions from the requirements of holding a non -bindingadvisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. If some investors find PubCo’s securities less attractive as a result, there may be a less active trading market for the PubCo’s securities and the prices of PubCo’s securities may be more volatile. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non -emerginggrowth companies but any such election to opt out is irrevocable. PubCo does not intend to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, PubCo, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the PubCo’s financial statements with certain other public companies difficult or impossible because of the potential differences in accounting standards used. PubCo will remain an emerging growth company until the earlier of: (1) the last day of the fiscal year (a) following the fifth anniversary of the closing the Business Combination, (b) in which PubCo has total annual gross revenue of at least US$1.235 billion, or (c) in which PubCo is deemed to be a large accelerated filer, which means the market value of the PubCo ADSs that are held by non -affiliatesexceeds US$700 million as of the last business day of its most recently completed second fiscal quarter; and (2) the date on which PubCo has issued more than US$1.00 billion in non -convertibledebt securities during