Articles from Scage Future

Nanjing, China, June 18, 2026 (GLOBE NEWSWIRE) -- Scage Future (Nasdaq: SCAG) (“Scage” or the “Company”), a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, today announced that the Company received a notification letter (the “Notification Letter”) from the Listings Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on June 11, 2026, notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification.

BEIJING, June 27, 2025 (GLOBE NEWSWIRE) -- Scage International Limited (“Scage International” or the “Company”), a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, and Finnovate Acquisition Corp (“Finnovate”) (OTC: FNVTF), a special purpose acquisition company, today announced the completion of their previously announced business combination (the “Business Combination”). The American depositary shares (“ADSs”) of the combined company, Scage Future, will commence trading on the Nasdaq Stock Market (“Nasdaq”) under the ticker symbol “SCAG” on June 30, 2025. The Business Combination was approved by Finnovate’s shareholders at an extraordinary general meeting of shareholders, and all remaining closing conditions of the Business Combination were satisfied or waived among the parties.