Scage Future Fails $1 Minimum Bid Requirement, Starts 180-Day Compliance Period
SCAG•Scage Future received a Nasdaq letter on June 11, 2026, notifying it has fallen below the US$1.00 minimum bid price for American depositary shares for 30 consecutive business days. The company has 180 calendar days to regain compliance by achieving a US$1.00 closing bid for ten consecutive trading sessions.
1. Nasdaq Deficiency Notification
On June 11, 2026, Scage Future received a notification from Nasdaq’s Listings Qualifications Department stating its American depositary shares closed below the US$1.00 minimum bid price for 30 consecutive business days from April 27 to June 10, 2026.
2. Compliance Requirements and Timeline
Under Listing Rule 5550(a)(2) and Rule 5810(c)(3)(A), the company has 180 calendar days to restore a closing bid of at least US$1.00 for ten consecutive business days to maintain its Nasdaq Capital Market listing.
3. Potential Remedial Actions
To regain compliance, Scage Future may implement options such as a reverse share split or other share consolidation measures to elevate its ADS closing price above the required threshold.
4. Operational Impact and Outlook
Scage’s core operations and zero-emission NEV development remain unaffected by the deficiency notice, and management will monitor share performance while advancing its heavy-duty commercial vehicle and e-fuel solutions portfolio.
