{"url":"https://newsforagent.com/news/2026-10-23/scage-future-ads-ratio-change","markdown_url":"https://newsforagent.com/news/2026-10-23/scage-future-ads-ratio-change.md","title":"Scage Future Sets 1-for-15 ADS Ratio Change for October 27","headline":"Scage Future's 1-for-15 ADS Ratio Change Takes Effect October 27 With New CUSIP","description":"Scage Future's ADS ratio change takes effect October 27, 2026, cutting one ADS to fifteen ordinary shares and issuing a new CUSIP for Nasdaq holders.","section":"Dividends & Buybacks","published_at":"2026-10-23T01:01:22+00:00","modified_at":"2026-10-23T01:01:22+00:00","author":"News Desk","key_takeaways":["Scage Future's ADS ratio change from 1:1 to 1:15 takes effect October 27, 2026, with the CUSIP moving from 80590A105 to 80590A204.","ADS holders receive one new ADS for every fifteen existing ADSs automatically, and fractional entitlements are aggregated and sold by Citibank, N.A.","Scage Future listed on Nasdaq under the ticker SCAG on June 27, 2025, through a business combination."],"companies":[{"name":"Scage Auto","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0008rhy/scage-auto","website":"https://www.scagefd.com/en/index.php"},{"name":"Citibank NA","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000czjm/citibank-na","website":"https://www.citigroup.com/global/investors/corporate-governance/citibank-na-boardofdirectors"}],"source":{"publisher":"Stock Titan","title":"Scage Future 1-for-15 ADS change takes effect Oct. 27","url":"https://www.stocktitan.net/news/SCAG/scage-future-announces-effective-date-for-ads-ratio-a16owsunac4j.html"},"other_sources":[{"publisher":"TradingView","url":"https://www.tradingview.com/news/prnewswire:49c51c65ae40d:0-scage-future-announces-effective-date-for-ads-ratio-change/"}],"tags":["Dividends & Buybacks","Scage Auto","Citibank NA"],"body_markdown":"[Scage](https://akta.pro/company-profiles/0008rhy/scage-auto) Future will change its ADS-to-ordinary-share ratio from 1:1 to 1:15 on October 27, 2026, the company said, with the CUSIP moving from 80590A105 to 80590A204. [Stock Titan](https://www.stocktitan.net/news/SCAG/scage-future-announces-effective-date-for-ads-ratio-a16owsunac4j.html) published the announcement. The change has the same effect as a one-for-fifteen reverse ADS split.\n\n## How the Scage Future ADS Exchange Works\n\nOn the effective date, holders of ADSs will receive one new ADS for every fifteen existing ADSs, and the exchange occurs automatically, with the then-held ADSs cancelled and new ADSs issued by [Citibank](https://akta.pro/company-profiles/000czjm/citibank-na), N.A., the depositary bank for the ADS program. Holders will not be required to take any action. No fractional new ADSs will be issued; fractional entitlements will be aggregated and sold by the depositary bank, and net cash proceeds after fees, taxes and expenses will be distributed to the applicable holders. The change has no impact on Scage Future's underlying ordinary shares, and no ordinary shares will be issued or cancelled. The ADSs continue to trade on the Nasdaq Global Market under the symbol \"SCAG.\" [TradingView](https://www.tradingview.com/news/prnewswire:49c51c65ae40d:0-scage-future-announces-effective-date-for-ads-ratio-change/) reported that the change is expected to increase the ADS trading price proportionally. Scage Future is a Nanjing-based provider of new energy and zero-emission heavy-duty commercial vehicles and e-fuel solutions, according to [company records](https://akta.pro/company-data).\n\n## Scage Future's Nasdaq Listing and Funding History\n\nScage Future completed its initial listing on Nasdaq in connection with a business combination on June 27, 2025, as a Cayman Islands exempted company operating as a foreign private issuer permitted to follow home-country governance practices, according to akta.pro company records. The same records show one funding round on file, a 2022-01 seed round with three investors, including INP Capital, Tisiwi Ventures and UnityVC, providing initial capital prior to the 2025 Nasdaq business combination. The company was founded in 2019 and has a headcount range of 51-100, with a revenue estimate of $5 million-$10 million and a valuation estimate of $100 million-$250 million.\n\n## Earlier Scage Future Filings and Notices\n\nScage Future announced a plan on October 6, 2026, to change its ADS ratio from 1:1 to 1:15 effective October 30, 2026, acting like a one-for-fifteen reverse split with no ordinary shares issued or cancelled, Stock Titan reported. On September 2, 2026, Stock Titan reported that Scage Future received Nasdaq deficiency notices on August 27, 2026, for failing the $50 million market value of listed securities and $15 million market value of publicly held shares requirements. Third News reported the same day that the company has 180 days to restore compliance, with a deficiency indicator displayed, and may appeal or switch to the Nasdaq Capital Market.\n\n## What Happens on October 27\n\nThe ADS ratio change takes effect on October 27, 2026, with the new CUSIP 80590A204 effective as of that date, and the ADSs continuing to trade on the Nasdaq Global Market under the symbol \"SCAG.\"\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}