Scage Future Notified by Nasdaq for Failing Listing Requirements
Scage Future (Nasdaq: SCAG) has received two notifications from Nasdaq regarding its failure to meet continued listing requirements related to the Market Value of Listed Securities and Publicly Held Shares. The company's MVLS fell below $50 million, while its MVPHS dropped under $15 million during a 30-day review period ending August 26, 2026. Nasdaq has given Scage Future until February 23, 2027 to regain compliance by maintaining the required values for at least ten consecutive business days. The notifications do not immediately affect trading of SCAG shares on Nasdaq but will result in a deficiency indicator being displayed with quotation data and inclusion in the list of non-compliant companies. If Scage Future fails to meet these requirements, it may face delisting or be eligible for transfer to The Nasdaq Capital Market if applicable criteria are met. This follows prior notifications from Nasdaq regarding minimum bid price and audit committee composition issues.
Topics: mvls deficiency nasdaq compliance stock delisting risk