Nasdaq-listed Scage Future Announces ADS Ratio Change Plan
Scage Future (Nasdaq: SCAG), a China-based zero-emission heavy-duty commercial vehicle provider, announced on October 6, 2026, its plan to adjust its American Depositary Share (ADS) ratio to improve liquidity and meet Nasdaq’s continued listing price requirement ($1 minimum bid price). No new ratio or effective date was disclosed.
51CFO view：ADS ratio changes require CFO-led SEC Form 8-A/8-K filings, restatement of historical per-share metrics, and updated risk factors in registration statements. This action tests the CFO’s grasp of SEC Rule 10b-18, Nasdaq continued listing standards, and SOX-mandated financial reporting consistency—critical for post-listing governance.
Scage Future (Nasdaq: SCAG), a China-based zero-emission heavy-duty commercial vehicle provider, announced on October 6, 2026, its plan to adjust its American Depositary Share (ADS) ratio to improve liquidity and meet Nasdaq’s continued listing price requirement ($1 minimum bid price). No new ratio or effective date was disclosed.
Source：PR Newswire 金融