RegulatoryJun 18, 2026, 04:46 PM
Scage Future Receives Nasdaq Minimum Bid Price Non-Compliance Notice
AI Summary
Scage Future announced it received a notification from Nasdaq on June 11, 2026, indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company has 180 calendar days to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. Scage is monitoring its share price and may consider a reverse share split, though its operations are currently unaffected.
Key Highlights
- Scage Future received a Nasdaq non-compliance notification on June 11, 2026.
- The company is not in compliance with the Nasdaq minimum bid price requirement of $1.00 per share.
- The deficiency was based on the closing bid price for 30 consecutive business days from April 27 to June 10, 2026.
- Scage has 180 calendar days to regain compliance, requiring a closing bid price of at least $1.00 for 10 consecutive business days.
- The company's operations are not affected by the notification.
- Scage may consider options, including a reverse share split, to regain compliance.
Price Impact
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