Scage Future
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $13.0M
- Price
- $0.1794
- % Change (Daily % change from the live per-ticker quote feed.)
- -20.62%
- Volume
- 666.2K
About
Scage Future, together with its subsidiaries, develops and commercializes heavy-duty new electric vehicle (NEV) trucks and e-fuel solutions in the People’s Republic of China. The company offers Dragon King, a plug-in hybrid dump truck for mining, and other heavy-duty loading and offloading applications; Galaxy II, a plug-in hybrid truck for long-distance road transportation and logistics service applications; Q-truck, an autonomous tractor trailer for smart transportation; Andromeda, an all-electric semi-tractor truck for road and port transportation; Andromeda+, a hydrogen-electric hybrid semi-tractor truck for long-distance road and port transportation; and Sky Turtle, an unmanned plug-in hybrid dump truck for off-road mining. It also provides farm tractors, all-electric port tractors, long-endurance hybrid power tractors, and wide-body and high-power hybrid mining vehicles; vehicle parts and components, including flat wire motors, two-speed gearboxes, motor and integrated vehicle controllers, electric drive axles, P2 hybrid systems, and other components; vehicle modification and warranty services; and after-sales services, including vehicle repair and maintenance. In addition, the company engages in the research and development of new energy technology, electronic devices, and machinery; wholesale and retail of new energy vehicles, production and testing equipment, auto parts, and electronic devices; development of solid oxide electrolyzers and clean energy systems; and vehicle rental activities. Scage Future was founded in 2019 and is headquartered in Nanjing, China.
Quick stats
Shares outstanding72.6M
Computed float21.2M
Float / shares29.2%
Key info
SectorConsumer Cyclical
IndustryAuto - Manufacturers
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002000366
Websitehttp://www.scagefd.com
AI Summary
AI-generated1/3
majorbearishreverse split
Scage Future Announces Plan to Implement ADS Ratio Change
Scage Future plans to change its ADS ratio from one ADS per ordinary share to one ADS per fifteen ordinary shares, effective on or about October 30, 2026 — economically equivalent to a one-for-fifteen reverse ADS split.
Citibank, N.A. will automatically exchange existing ADSs for new ADSs, with fractional entitlements aggregated, sold, and distributed as cash to holders.
The change does not affect the underlying ordinary shares, and the ADSs will continue trading on Nasdaq as SCAG under a new CUSIP; the company cautioned the post-change price may not fully reflect the fifteenfold ratio.
Red flags
- 1:15 reverse ADS split often signals effort to cure Nasdaq minimum bid price deficiency or mask share-price erosion
- company explicitly cautions trading price may not equal fifteen times the pre-change price
- holders incur fractional-share cash-outs and potential depositary fees