Welcome to our dedicated page for Scage Future SEC filings (Ticker: SCAG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Scage Future filings document a Cayman Islands foreign private issuer whose operations focus on zero-emission transportation solutions in China, including heavy-duty new energy vehicle trucks, e-fuel solutions, commercial NEV sales, and components. The company's Form 6-K current reports record governance and listing-related disclosures, including board and finance-leadership changes, Nasdaq home-country rule exemptions, and matters incorporated into its Form 20-F reporting framework.
Scage Future (SCAG) reports that Nasdaq has notified it that its Market Value of Listed Securities (MVLS) and Market Value of Publicly Held Shares (MVPHS) have been below the required thresholds for 30 consecutive business days, putting its Nasdaq Global Market listing at risk.
The company has 180 calendar days, through February 23, 2027, to regain compliance by having MVLS at or above US$50 million and MVPHS at or above US$15 million for at least ten consecutive business days, with Nasdaq able to require up to 20 days. Trading in its ADSs continues, but a deficiency flag will be displayed, and the company could face delisting or need to transfer to the Nasdaq Capital Market if it cannot cure these and previously disclosed minimum bid price and audit committee composition deficiencies.
Scage Future (SCAG) reported that director Ziqian Guan resigned from the board on August 21, 2026, effective the same day. The company states that Mr. Guan resigned for personal reasons and that his departure did not arise from any disagreement regarding the company’s operations, policies, or practices. Mr. Guan also confirmed that he has no outstanding entitlements from Scage Future for fees, remuneration, leave, or termination of employment.
Scage Future, a Cayman Islands company listed on Nasdaq, reports that it will rely on a Nasdaq home country rule exemption for corporate governance. Under Nasdaq Listing Rule 5615, the company has elected to follow its home country rules instead of Nasdaq’s requirement to obtain shareholder approval under Nasdaq Listing Rule 5620(a). This approach will be reflected in its Form 20-F for the fiscal year ending June 30, 2026.
Scage Future reported unaudited results for the first six months of fiscal 2026, showing strong revenue growth but continued losses. Net revenue rose to $13.7M from $7.1M, driven mainly by higher sales of NEV batteries, hybrid tractor trucks and Q-trucks, and expanded component sales.
The company moved from a gross loss to a small gross profit of $0.2M, with a gross margin of 1.4%. Net loss narrowed to $3.7M from $4.0M, and loss per share improved to $0.05 from $0.08.
Scage Future’s balance sheet remains stretched. As of December 31, 2025, cash and restricted cash totaled $0.6M, while total liabilities were $36.9M and shareholders’ deficit was $8.7M. Short-term borrowings increased to $12.7M, and interest expense rose sharply to $1.1M.
Scage Future reports several board and audit committee changes. On June 27, 2026, Chairman and CEO Chao Gao resigned from his role as a member of the audit committee for personal reasons, with no disagreements related to the company’s operations or policies. Independent director Kevin Chen, already serving on the audit committee, was appointed its new chairman, while independent director Yixian Wang joined as a member. The board determined that Mr. Chen qualifies as an audit committee financial expert under SEC rules or has financial sophistication under Nasdaq corporate governance rules. Separately, on June 25, 2026, independent director Yuanchi Guo resigned from the board for personal reasons, also without any disagreement with the company, and his board seat remains vacant.
Scage Future has filed a Form 6-K explaining that it will use the Nasdaq “home country rule exemption” for corporate governance. Under Nasdaq Listing Rule 5615, the company has elected to follow its home country rules instead of Nasdaq’s requirements to obtain shareholder approval under Listing Rule 5635(a) and (c). This disclosure is intended for inclusion in its next Form 20-F for the fiscal year ending June 30, 2026.