Scage Future (SCAG) opts for Cayman home country rule on Nasdaq shareholder approvals

Rhea-AI Filing Summary

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.

Insights

Cross-Border Governance Analyst

Scage Future will follow Cayman governance rules instead of one Nasdaq shareholder approval requirement.

Scage Future is using Nasdaq’s home country rule exemption under Listing Rule 5615 to apply Cayman Islands corporate governance practices. Specifically, it will not follow Nasdaq Listing Rule 5620(a), which addresses shareholder approval requirements.

This choice can streamline decision-making by relying on familiar local standards, but it also means shareholder approval thresholds may differ from typical U.S. practices. Investors who prioritize U.S.-style protections may wish to review how Cayman rules handle corporate actions that would normally require a shareholder vote under Nasdaq’s rules.

Key Figures

Fiscal year end: June 30, 2026 Commission File Number: 001-42632 Report date: July 10, 2026

3 metrics

Fiscal year end June 30, 2026 Fiscal year for which the Form 20-F will include the home country exemption disclosure

Commission File Number 001-42632 SEC file reference for Scage Future as a foreign private issuer

Report date July 10, 2026 Date on which the report was signed by the Chairman and CEO

Key Terms

home country rule exemption, Nasdaq Listing Rule 5615, Nasdaq Listing Rule 5620(a), foreign private issuer

4 terms

home country rule exemption regulatory

"to provide the home country rule exemption disclosure to be included in the next Form 20-F"

Nasdaq Listing Rule 5615 regulatory

"Pursuant to the home country rule exemption set forth under Nasdaq Listing Rule 5615"

Nasdaq Listing Rule 5620(a) regulatory

"exemption from the requirements to obtain shareholder approval under Nasdaq Listing Rule 5620(a)"

foreign private issuer regulatory

"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 07/10/2026 - 04:06 PM Accepted by SEC EDGAR 07/10/2026 - 04:05 PM Learn about SEC filing dates

FAQ

What governance change did Scage Future (SCAG) disclose in this 6-K?

Scage Future disclosed that it will use a Nasdaq home country rule exemption, opting to follow its Cayman Islands governance rules instead of Nasdaq Listing Rule 5620(a) on shareholder approval requirements.

Which Nasdaq rules are referenced for Scage Future (SCAG)’s governance approach?

The company cites Nasdaq Listing Rule 5615 and Rule 5620(a). Rule 5615 permits a home country rule exemption, and the company is exempting itself from the shareholder approval requirements in Rule 5620(a).

How will Scage Future (SCAG) report this home country rule exemption?

Scage Future will include this exemption disclosure in its next Form 20-F for the fiscal year ending June 30, 2026, explaining that it follows home country rules instead of Nasdaq Listing Rule 5620(a).

What does the home country rule exemption mean for Scage Future (SCAG) shareholders?

The exemption means certain actions may not require shareholder approval under Nasdaq’s Rule 5620(a), because the company will instead follow Cayman Islands governance rules allowed under Nasdaq Listing Rule 5615.

Who signed Scage Future (SCAG)’s 6-K relating to the home country exemption?

The report was signed by Chao Gao, who is identified as the company’s Chairman and Chief Executive Officer, acting on behalf of Scage Future under the Securities Exchange Act of 1934.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-42632

Scage Future

2F, Building 6, No. 6 Fengxin Road,

Yuhuatai District, Nanjing City

Jiangsu Province, 210012

People’s Republic of China

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒         Form 40-F ☐

Explanatory Note 

This report of foreign private issuer on Form 6-K is being filed to provide the home country rule exemption disclosure to be included in the next Form 20-F of Scage Future, a Cayman Islands exempted company (the “Company”), for the fiscal year ending June 30, 2026.

Corporate Governance

Pursuant to the home country rule exemption set forth under Nasdaq Listing Rule 5615, the Company has elected to follow the Company’s home country rules for exemption from the requirements to obtain shareholder approval under Nasdaq Listing Rule 5620(a).

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Scage Future
Date: July 10, 2026	By:	/s/ Chao Gao
	Name:	Chao Gao
	Title:	Chairman and Chief Executive Officer

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