Scage Future

Snapshot

Scage makes electric heavy trucks in China but reported $0 revenue in FY 2024 after $6.1M the year before. It lost $215K that year, holds just $91K in cash against $15M in debt, and burns cash from operations.

What's Happening Right Now

• Thu 10th Sep '26 · Delisting risk: Scage received two Nasdaq notices for falling below minimum market value thresholds, stacking on top of two earlier bid-price and audit-committee deficiencies, giving it until Feb 2027 to cure.
• Thu 10th Sep '26 · Board change: Director Ziqian Guan resigned from the board effective August 21, 2026, citing personal reasons unrelated to any company dispute.
• Thu 27th Aug '26 · Equity plan: Scage filed an S-8 to register 15 million shares, about 20.66% of issued capital, for its new 2026 equity incentive plan.
• Sun 12th Jul '26 · Governance: Scage invoked home-country exemption rules to skip a Nasdaq shareholder-approval requirement, to be disclosed in its upcoming annual report.
• Fri 30th Jan '26 · Registration: Registered 57.37M shares for sale on Form S-1.
• Fri 27th Jun '25 · Warrants: Issued warrants over 21.73M shares across 2 series.
• Thu 26th Jun '25 · Convertible: Issued $2.52M of convertible notes across 2 instruments.