Monitor the company's ability to regain compliance within 180 days. A transfer to the Nasdaq Capital Market is a possible remedy but requires meeting that market's listing standards. The stock is likely to remain under pressure from multiple concurrent Nasdaq deficiencies.
Price Chart
Executive Summary
Scage Future disclosed receipt of two Nasdaq deficiency notifications on August 27, 2026: its Market Value of Listed Securities (MVLS) fell below the $50M minimum and its Market Value of Publicly Held Shares (MVPHS) fell below the $15M minimum for continued listing on the Nasdaq Global Market. The company has a 180-day cure period through February 23, 2027, but faces compounding compliance issues including a prior bid-price deficiency and an audit committee shortfall, significantly elevating delisting risk.
Key Facts
- MVLS below $50M minimum for 30 consecutive business days ending August 26, 2026
- MVPHS below $15M minimum for the same period
- 180-day compliance period expires February 23, 2027
- Company also has a prior bid-price deficiency (compliance period through December 8, 2026) and an audit committee deficiency (remediation through December 22, 2026)
- No immediate effect on trading; deficiency indicator will appear on Nasdaq.com and NasdaqTrader.com
Financial Impact
Delisting risk is material for a $20M market cap company; no specific financial figures provided in the filing
Risk Factors
- Failure to regain MVLS or MVPHS compliance by February 23, 2027 could lead to delisting
- Compounding deficiencies (bid price, audit committee) increase the probability of eventual delisting
- Low market cap ($20M) limits options for regaining compliance without a reverse stock split or capital raise
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-096699 |
| Document: ea0304413-6k_scage.htm | 0001213900-26-096699 |
| Document: 0001213900-26-096699-index-headers.html | 0001213900-26-096699 |
| Document: 0001213900-26-096699-index.html | 0001213900-26-096699 |
| Document: 0001213900-26-096699.txt | 0001213900-26-096699 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 6-K | $0.1708 | awaiting T+20 | — | $2.41 (+1311.01%) |
Sep 2, 2026 7w ago | 6-K | $0.2840 $0.2173 | ▲ +23.49% | ▲ +22.30% | $2.41 (−748.59%) |
Jun 30, 2026 17w ago | 6-K | $0.4080 $0.2957 | ▲ +27.52% | ▲ +25.34% | $2.41 (−490.69%) |
Jun 29, 2026 17w ago | 6-K | $0.5190 $0.3066 | ▼ −40.92% | ▼ −39.90% | $2.41 (+364.35%) |
Jun 29, 2026 17w ago | 6-K | $0.5190 $0.3066 | ▼ −40.92% | ▼ −39.90% | $2.41 (+364.35%) |
Jun 17, 2026 18w ago | 6-K | $0.3759 $0.3246 | ▲ +13.65% | ▲ +14.18% | $2.41 (−541.13%) |
US Market Status
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