RegulatoryJun 17, 2026, 05:01 PM
Scage Future Receives Nasdaq Bid Price Deficiency Notice
AI Summary
Scage Future received a Nasdaq deficiency notice on June 11, 2026, for failing to maintain a minimum bid price of $1.00 per share over the last 30 consecutive business days. The company has 180 calendar days, until December 8, 2026, to regain compliance by achieving a closing bid price of at least $1.00 for 10 consecutive business days. Additionally, independent director Mr. Calvin Kung resigned on April 8, 2026, due to unresolved disagreements related to the company's operations, and a successor has not yet been appointed.
Key Highlights
- Received Nasdaq deficiency notice on June 11, 2026, for minimum bid price rule.
- Failed to maintain a minimum bid price of $1.00 for 30 consecutive business days.
- Granted 180 calendar days, until December 8, 2026, to regain compliance.
- Must achieve a closing bid price of at least $1.00 for 10 consecutive business days.
- Independent director Mr. Calvin Kung resigned on April 8, 2026.
- Resignation was due to unresolved disagreement with company operations.
- Company has not yet appointed a successor to fill the director vacancy.
Price Impact
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