Scage Future Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Rhea-AI Summary
Scage Future (Nasdaq: SCAG) received a Nasdaq notice on June 11, 2026 for not meeting the US$1.00 minimum bid price under Listing Rule 5550(a)(2), after its ADSs closed below US$1.00 for 30 consecutive business days.
The company has 180 calendar days to regain compliance by achieving at least US$1.00 closing bid for 10 consecutive business days. Listing and operations remain unchanged for now, and Scage may consider actions such as a reverse share split.
AI-generated analysis. Not financial advice.
Positive
- Granted 180-day period to regain Nasdaq minimum bid price compliance
- Current Nasdaq Capital Market listing status remains unchanged
- Company states operations are not affected by the notification
- Management monitoring share price and evaluating options, including reverse split
Negative
- Non-compliance with Nasdaq US$1.00 minimum bid price requirement
- Share price stayed below US$1.00 for 30 consecutive business days
- Potential Nasdaq delisting risk if compliance is not regained
- May need reverse share split, which can impact shareholder holdings
Key Figures
Peers on Argus
SCAG showed a price move with no peers in the provided momentum set, indicating the reaction appears stock-specific rather than part of a broader sector rotation.
Regulatory & Risk Context
Reported short interest appears relatively low, indicating limited potential for extreme price moves driven primarily by short-covering dynamics under current positioning.
Market Pulse Summary
This announcement highlights SCAG’s Nasdaq bid-price deficiency and a 180-day window to regain compliance via a sustained US$1.00 bid. Investors should watch for any reverse share split plans and further updates on listing status.
Key Terms
AI-generated analysis. Not financial advice.
Nanjing, China, June 18, 2026 (GLOBE NEWSWIRE) -- Scage Future (Nasdaq: SCAG) (“Scage” or the “Company”), a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, today announced that the Company received a notification letter (the “Notification Letter”) from the Listings Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on June 11, 2026, notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification.
Nasdaq Listing Rule 5550(a)(2) requires listed companies to maintain a minimum bid price of US
The Notification Letter does not impact the Company's listing on The Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ordinary shares must have a closing bid price of at least US
The Company’s operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid prices of its ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
About Scage Future
Scage Future is a leading zero-emission technology provider in China, dedicated to decarbonizing global commercial transportation through its portfolio of advanced heavy-duty NEV trucks and innovative e-fuel systems. Through strategic partnerships with top-tier vehicle manufacturers and a strong quality control framework, the Company delivers intelligent, high-performance NEVs addressing the transport needs across logistics, mining and port operations.
The Company has a proven track record in the design, production, and testing of next-generation heavy-duty NEVs, including the Dragon II plug-in hybrid dump truck, Galaxy II plug-in hybrid truck, and Q-Truck autonomous tractor trailer. With its forward-looking approach to clean energy and mobility, Scage is driving the shift toward a more sustainable future in heavy commercial transport.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
Scage Future
Investor Relations
Email: scageIR@scagefd.com
