Scage Future Announces Effective Date for ADS Ratio Change
Key Highlights
- ➤ADS ratio changes October 27, 2026, from 1:1 to 1:15
- ➤ADS holders receive one new ADS for every 15 existing ADSs
- ➤New CUSIP 80590A204 replaces 80590A105 on the effective date
- ➤Underlying ordinary shares remain unchanged; no shares issued or cancelled
- ➤SCAG ADSs continue trading on Nasdaq Global Market under SCAG
Scage Future Announces Effective Date for ADS Ratio Change PR Newswire
NANJING, China, Oct. 22, 2026 /PRNewswire/ -- Scage Future ("Scage Future" or the "Company") (Nasdaq: SCAG), a provider of new energy and zero-emission heavy-duty commercial vehicles and e-fuel solutions, today announced the effective date and new CUSIP number for the previously announced change in the ratio of its American Depositary Shares ("ADSs") to its ordinary shares (the "ADS Ratio"), from the current ADS Ratio of one (1) ADS to one (1) ordinary share to a new ADS Ratio of one (1) ADS to fifteen (15) ordinary shares (the "ADS Ratio Change"). The ADS Ratio Change will be effective on October 27, 2026 (the "Effective Date").
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