{"success":true,"data":{"pressRelease":{"id":"68241","rtpr_id":"nGNX6zxXZj","ticker":"SCAG","exchange":"NASDAQ","all_tickers":["SCAG"],"title":"Scage Future Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency","author":"Globe Newswire","published_at":"2026-06-18T20:45:00.105Z","article_body":"Nanjing, China, June 18, 2026 (GLOBE NEWSWIRE) -- Scage Future (Nasdaq: SCAG)\n(“Scage” or the “Company”), a zero-emission solution provider of new\nenergy heavy-duty commercial vehicles and e-fuel solutions, today announced\nthat the Company received a notification letter (the “Notification\nLetter”) from the Listings Qualifications Department of The Nasdaq Stock\nMarket LLC (“Nasdaq”) on June 11, 2026, notifying the Company that it is\nnot in compliance with the minimum bid price requirement as set forth under\nNasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. This press\nrelease is issued pursuant to Nasdaq Listing Rule 5810(b), which requires\nprompt disclosure upon the receipt of a deficiency notification.\n\nNasdaq Listing Rule 5550(a)(2) requires listed companies to maintain a\nminimum bid price of US$1.00 per share and Nasdaq Listing\nRule 5810(c)(3)(A) provides that a failure to meet the minimum bid price\nrequirement exists if the deficiency continues for a period of 30 consecutive\nbusiness days. Based on the closing bid price of the Company’s American\ndepositary shares (“ADSs”) for the 30 consecutive business days from April\n27, 2026 to June 10, 2026, the Company no longer meets the minimum bid price\nrequirement.\n\nThe Notification Letter does not impact the Company's listing on The Nasdaq\nCapital Market at this time. In accordance with Nasdaq Listing\nRule 5810(c)(3)(A), the Company has been provided 180 calendar days to regain\ncompliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the\nCompany's ordinary shares must have a closing bid price of at least US$1.00\nfor a minimum of 10 consecutive business days. In the event the Company does\nnot regain compliance by the end of the 180 calendar day period, the Company\nmay be eligible for additional time to regain compliance or may face\ndelisting.\n\nThe Company’s operations are not affected by the receipt of the Notification\nLetter. The Company intends to monitor the closing bid prices of its ordinary\nshares and may, if appropriate, consider implementing available options,\nincluding, but not limited to, implementing a reverse share split, to regain\ncompliance with the minimum bid price requirement under the Nasdaq Listing\nRules.\n\nAbout Scage Future\n\nScage Future is a leading zero-emission technology provider in China,\ndedicated to decarbonizing global commercial transportation through its\nportfolio of advanced heavy-duty NEV trucks and innovative e-fuel systems.\nThrough strategic partnerships with top-tier vehicle manufacturers and a\nstrong quality control framework, the Company delivers intelligent,\nhigh-performance NEVs addressing the transport needs across logistics, mining\nand port operations.\n\nThe Company has a proven track record in the design, production, and testing\nof next-generation heavy-duty NEVs, including the Dragon II plug-in hybrid\ndump truck, Galaxy II plug-in hybrid truck, and Q-Truck autonomous tractor\ntrailer. With its forward-looking approach to clean energy and mobility, Scage\nis driving the shift toward a more sustainable future in heavy commercial\ntransport.\n\n \nForward-Looking Statements\n\nCertain statements in this announcement are forward-looking statements. These\nforward-looking statements involve known and unknown risks and uncertainties\nand are based on the Company’s current expectations and projections about\nfuture events that the Company believes may affect its financial condition,\nresults of operations, business strategy and financial needs. Investors can\nidentify these forward-looking statements by words or phrases such as\n“approximates,” “assesses,” “believes,” “hopes,”\n“expects,” “anticipates,” “estimates,” “projects,”\n“intends,” “plans,” “will,” “would,” “should,”\n“could,” “may” or similar expressions. The Company undertakes no\nobligation to update or revise publicly any forward-looking statements to\nreflect subsequent occurring events or circumstances, or changes in its\nexpectations, except as may be required by law. Although the Company believes\nthat the expectations expressed in these forward-looking statements are\nreasonable, it cannot assure you that such expectations will turn out to be\ncorrect, and the Company cautions investors that actual results may differ\nmaterially from the anticipated results and encourages investors to review\nother factors that may affect its future results in the Company's registration\nstatement and other filings with the U.S. Securities and Exchange Commission.\n\nFor more information, please contact:\n\nScage Future\nInvestor Relations\nEmail: scageIR@scagefd.com\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6zxXZj","title":"Scage Future Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency","author":"Globe Newswire","ticker":"SCAG","created":"2026-06-18T20:45:00.105Z","tickers":["SCAG"],"exchange":"NASDAQ","article_body":"Nanjing, China, June 18, 2026 (GLOBE NEWSWIRE) -- Scage Future (Nasdaq: SCAG)\n(“Scage” or the “Company”), a zero-emission solution provider of new\nenergy heavy-duty commercial vehicles and e-fuel solutions, today announced\nthat the Company received a notification letter (the “Notification\nLetter”) from the Listings Qualifications Department of The Nasdaq Stock\nMarket LLC (“Nasdaq”) on June 11, 2026, notifying the Company that it is\nnot in compliance with the minimum bid price requirement as set forth under\nNasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. This press\nrelease is issued pursuant to Nasdaq Listing Rule 5810(b), which requires\nprompt disclosure upon the receipt of a deficiency notification.\n\nNasdaq Listing Rule 5550(a)(2) requires listed companies to maintain a\nminimum bid price of US$1.00 per share and Nasdaq Listing\nRule 5810(c)(3)(A) provides that a failure to meet the minimum bid price\nrequirement exists if the deficiency continues for a period of 30 consecutive\nbusiness days. Based on the closing bid price of the Company’s American\ndepositary shares (“ADSs”) for the 30 consecutive business days from April\n27, 2026 to June 10, 2026, the Company no longer meets the minimum bid price\nrequirement.\n\nThe Notification Letter does not impact the Company's listing on The Nasdaq\nCapital Market at this time. In accordance with Nasdaq Listing\nRule 5810(c)(3)(A), the Company has been provided 180 calendar days to regain\ncompliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the\nCompany's ordinary shares must have a closing bid price of at least US$1.00\nfor a minimum of 10 consecutive business days. In the event the Company does\nnot regain compliance by the end of the 180 calendar day period, the Company\nmay be eligible for additional time to regain compliance or may face\ndelisting.\n\nThe Company’s operations are not affected by the receipt of the Notification\nLetter. The Company intends to monitor the closing bid prices of its ordinary\nshares and may, if appropriate, consider implementing available options,\nincluding, but not limited to, implementing a reverse share split, to regain\ncompliance with the minimum bid price requirement under the Nasdaq Listing\nRules.\n\nAbout Scage Future\n\nScage Future is a leading zero-emission technology provider in China,\ndedicated to decarbonizing global commercial transportation through its\nportfolio of advanced heavy-duty NEV trucks and innovative e-fuel systems.\nThrough strategic partnerships with top-tier vehicle manufacturers and a\nstrong quality control framework, the Company delivers intelligent,\nhigh-performance NEVs addressing the transport needs across logistics, mining\nand port operations.\n\nThe Company has a proven track record in the design, production, and testing\nof next-generation heavy-duty NEVs, including the Dragon II plug-in hybrid\ndump truck, Galaxy II plug-in hybrid truck, and Q-Truck autonomous tractor\ntrailer. With its forward-looking approach to clean energy and mobility, Scage\nis driving the shift toward a more sustainable future in heavy commercial\ntransport.\n\n \nForward-Looking Statements\n\nCertain statements in this announcement are forward-looking statements. These\nforward-looking statements involve known and unknown risks and uncertainties\nand are based on the Company’s current expectations and projections about\nfuture events that the Company believes may affect its financial condition,\nresults of operations, business strategy and financial needs. Investors can\nidentify these forward-looking statements by words or phrases such as\n“approximates,” “assesses,” “believes,” “hopes,”\n“expects,” “anticipates,” “estimates,” “projects,”\n“intends,” “plans,” “will,” “would,” “should,”\n“could,” “may” or similar expressions. The Company undertakes no\nobligation to update or revise publicly any forward-looking statements to\nreflect subsequent occurring events or circumstances, or changes in its\nexpectations, except as may be required by law. Although the Company believes\nthat the expectations expressed in these forward-looking statements are\nreasonable, it cannot assure you that such expectations will turn out to be\ncorrect, and the Company cautions investors that actual results may differ\nmaterially from the anticipated results and encourages investors to review\nother factors that may affect its future results in the Company's registration\nstatement and other filings with the U.S. Securities and Exchange Commission.\n\nFor more information, please contact:\n\nScage Future\nInvestor Relations\nEmail: scageIR@scagefd.com\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-18T20:45:00.158366274Z","server_sent_at_ms":1781815500158},"received_at":"2026-06-18T20:45:00.285Z","source_url":null},"analysis":{"id":"57653","press_release_id":"68241","analysis_json":{"industry":{"label":"Industrial Machinery","sector":"Industrials"},"redFlags":["Nasdaq minimum bid price deficiency","Potential delisting risk within 180 days","Company signals potential reverse stock split"],"eventType":"regulatory","narrative":"Scage Future received a notification from Nasdaq stating it is not in compliance with the minimum bid price requirement of $1.00 per share.\n\nThe non-compliance was triggered by the closing bid price from April 27 to June 10, 2026, and the company has been granted 180 calendar days to regain compliance.\n\nThe company stated it may consider options such as a reverse stock split to rectify the deficiency, though current operations remain unaffected.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Scage Future faces delisting pressure as Nasdaq flags bid price below $1.00; 180-day clock starts."},"keyFigures":{"customDimensions":{"cure_period_days":180,"deficiency_period_end":"June 10, 2026","min_bid_price_required":"US$1.00","deficiency_period_start":"April 27, 2026","consecutive_compliance_days_needed":10}},"quotedText":"","namedEntities":{"people":[],"products":["Dragon II plug-in hybrid dump truck","Galaxy II plug-in hybrid truck","Q-Truck autonomous tractor trailer"],"companies":[{"name":"Scage Future","ticker":"SCAG"},{"name":"The Nasdaq Stock Market LLC","relationship":"regulator"}],"dollarAmounts":[{"amount":"US$1.00","context":"minimum bid price requirement"}]},"materialImpact":{"score":3,"reasoning":"Nasdaq notified the company of non-compliance with the $1.00 minimum bid price rule. The company has a 180-day cure period to regain compliance, but faces potential delisting or a reverse stock split if it fails to do so."},"tickerRelevance":{"others":[],"primary":"SCAG"},"globalImportance":10,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"listing_deficiency"}},"event_type":"regulatory","event_type_secondary":null,"sentiment":"bearish","material_impact_score":3,"narrative":"Scage Future received a notification from Nasdaq stating it is not in compliance with the minimum bid price requirement of $1.00 per share.\n\nThe non-compliance was triggered by the closing bid price from April 27 to June 10, 2026, and the company has been granted 180 calendar days to regain compliance.\n\nThe company stated it may consider options such as a reverse stock split to rectify the deficiency, though current operations remain unaffected.","key_figures":{"customDimensions":{"cure_period_days":180,"deficiency_period_end":"June 10, 2026","min_bid_price_required":"US$1.00","deficiency_period_start":"April 27, 2026","consecutive_compliance_days_needed":10}},"named_entities":{"people":[],"products":["Dragon II plug-in hybrid dump truck","Galaxy II plug-in hybrid truck","Q-Truck autonomous tractor trailer"],"companies":[{"name":"Scage Future","ticker":"SCAG"},{"name":"The Nasdaq Stock Market LLC","relationship":"regulator"}],"dollarAmounts":[{"amount":"US$1.00","context":"minimum bid price requirement"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-18T20:47:09.128Z","global_importance":10,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap","eventGravity":"listing_deficiency"}},"durationMs":128839,"modelName":"george-droid-qwen-72b"}}