Scage Future receives Nasdaq market value non compliance notices
Vehicle developer Scage Future received two deficiency notices from Nasdaq regarding market value requirements for its listed securities and publicly held shares
Nanjing, China - On September 3, 2026, Scage Future, a zero-emission heavy-duty commercial vehicle and e-fuel provider, was notified by Nasdaq that it would no longer meet the necessary financial requirements for continued listing on The Nasdaq Global Market. The company received two Notification Letters, each citing deficiencies in market value standards.
The first letter stated that Scage's Market Value of Listed Securities (MVLS) fell below the required US$50,000,000 over the past 30 days, while the second letter highlighted that its Market Value of Publicly Held Shares (MVPHS) was insufficient at US$15,000,000. Nasdaq has granted the company a 180-day window, until February 23, 2027, to regain compliance by achieving MVLS and MVPHS values of at least US$50,000,000 and US$15,000,000 respectively for ten consecutive business days.
Failure to comply may result in delisting from The Nasdaq Global Market, with the possibility of transferring to The Nasdaq Capital Market.
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