Scage Future receives Nasdaq delisting notice for sub-$1.00 bid price
SCAG sits 27% above its 52-week low of $0.254 on light trading volume (0.1× avg).
Summary
Scage Future received a Nasdaq deficiency notice for failing to maintain a minimum bid price of $1.00, facing potential delisting if compliance is not regained by December 8, 2026.
Key Events · Corporate Governance and Compliance · SCAG
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Nasdaq Delisting Threat
Scage Future received a deficiency notice from Nasdaq on June 11, 2026, for failing to maintain a minimum bid price of $1.00 per share over the last 30 consecutive business days.
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Compliance Deadline
The company has 180 calendar days, until December 8, 2026, to regain compliance. This requires its ADSs to have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.
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Potential Reverse Stock Split
Scage Future stated it intends to monitor its stock price and may consider options such as a reverse stock split to regain compliance with Nasdaq's listing rules.
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Director Resignation Noted
The filing also mentioned the resignation of independent director Mr. Calvin Kung on April 8, 2026, due to unresolved disagreements related to company operations. This event was previously disclosed in a 6-K filing on May 7, 2026.
Analysis · SCAG · Manufacturing
The Nasdaq deficiency notice is a critical development for Scage Future, as failure to regain compliance with the minimum bid price requirement could lead to delisting. This would severely impact the company's ability to raise capital and its stock's liquidity. The company's current stock price of $0.3214 is significantly below the $1.00 threshold, indicating a challenging path to compliance, potentially requiring a reverse stock split.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 49% of the 206 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.93%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SCAG was trading at $0.32 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $25M. The 52-week trading range was $0.25 to $24.47. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.