Scage Future Announces Plan to Implement ADS Ratio Change
PR Newswire•06/10/2026•19:56 ET
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Key Highlights
- ➤SCAG plans 1:15 ADS ratio change, effective on or about October 30, 2026
- ➤ADS holders receive one new ADS for every fifteen existing ADSs
- ➤Underlying ordinary shares remain unchanged; no shares issued or cancelled
- ➤ADS trading price expected to increase proportionally, without assurance of 15x value
- ➤SCAG ADSs continue Nasdaq Capital Market trading under the SCAG symbol
Scage Future Announces Plan to Implement ADS Ratio Change PR Newswire
NANJING, China, Oct. 6, 2026 /PRNewswire/ -- Scage Future ("Scage Future" or the "Company") (Nasdaq: SCAG), a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, today announced that it plans to change 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 Company anticipates that the ADS Ratio Change will be effective on or about October 30, 2026 (the "Effective Date").
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