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Scage Future received a Nasdaq deficiency notice on June 11, 2026, because its American depositary shares failed to…
SCAGScage Future
Scage Future received a Nasdaq deficiency notice on June 11, 2026, because its American depositary shares failed to maintain a minimum bid price of $1.00 over 30 consecutive business days. The company has until December 8, 2026, to regain compliance by achieving a closing bid price of at least $1.00 for 10 consecutive business days. Additionally, independent director Calvin Kung resigned on April 8, 2026, citing unresolved disagreements regarding company operations. The company is considering a reverse stock split to address the pricing issue. Scage Future is a technology company based in China.