The ADS ratio change is a routine corporate action with no fundamental impact. Monitor the company's next periodic report for any operational or financial updates that could affect the stock.
Price Chart
Executive Summary
Scage Future announced the effective date (October 27, 2026) for a change in its ADS ratio from 1 ADS:1 ordinary share to 1 ADS:15 ordinary shares, effectively a 1-for-15 reverse ADS split. The change is administrative and has no impact on the company's underlying ordinary shares, capital structure, or business operations.
Key Facts
- ADS ratio changes from 1 ADS:1 ordinary share to 1 ADS:15 ordinary shares, effective October 27, 2026.
- Effectively a 1-for-15 reverse ADS split; holders receive 1 new ADS for every 15 existing ADSs.
- No fractional new ADSs will be issued; fractional entitlements will be sold and cash proceeds distributed.
- No impact on underlying ordinary shares; no shares issued or cancelled.
- ADSs continue trading on Nasdaq under symbol SCAG; CUSIP changes from 80590A105 to 80590A204.
Financial Impact
No financial impact; the ADS ratio change is an administrative adjustment that does not affect the company's equity value, cash flows, or operations.
Risk Factors
- The company has a very small market cap ($12M) and low institutional ownership, indicating limited liquidity and higher volatility.
- No financial data or business updates were provided in this filing; the company's financial health remains opaque.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-113338 |
| Document: ea031002501ex99-1.htm | 0001213900-26-113338 |
| Document: 0001213900-26-113338-index-headers.html | 0001213900-26-113338 |
| Document: 0001213900-26-113338-index.html | 0001213900-26-113338 |
| Document: 0001213900-26-113338.txt | 0001213900-26-113338 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 2d ago | 6-K | $2.20 | awaiting T+20 | awaiting T+20 | $2.07 (−5.90%) |
Oct 15, 2026 15d ago | 6-K | $0.1708 | awaiting T+20 | awaiting T+20 | $2.07 (+1111.94%) |
Sep 2, 2026 8w ago | 6-K | $0.2840 $0.2173 | ▲ +23.49% | ▲ +22.30% | $2.07 (−628.87%) |
Jun 30, 2026 17w ago | 6-K | $0.4080 $0.2957 | ▲ +27.52% | ▲ +25.34% | $2.07 (−407.35%) |
Jun 29, 2026 17w ago | 6-K | $0.5190 $0.3066 | ▼ −40.92% | ▼ −39.90% | $2.07 (+298.84%) |
Jun 29, 2026 17w ago | 6-K | $0.5190 $0.3066 | ▼ −40.92% | ▼ −39.90% | $2.07 (+298.84%) |
Jun 17, 2026 19w ago | 6-K | $0.3759 $0.3246 | ▲ +13.65% | ▲ +14.18% | $2.07 (−450.68%) |
US Market Status
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