Why did scag surge premarket?

The pre-market surge of 91.28% for SCAG can be attributed to the following factors: 1. **Merger News**: Scage Future, formed through the merger of Scage International Limited and Finnovate Acquisition Corp., recently had its American Depositary Shares (ADSs) commence trading on the Nasdaq Stock Market under the ticker SCAG. This merger represents a significant integration of operations and assets, positioning the company for future growth and expansion. 2. **Financial Performance Concerns**: Despite the positive outlook from the merger, SCAG's stock price was negatively impacted by market volatility and investor concerns over the company's financial performance. The recent decline of 11.11% in SCAG's stock price on July 1, 2025, reflects these concerns. In conclusion, SCAG's pre-market surge is likely a result of a combination of factors including merger news and financial performance concerns. |code|Ticker|Name|Date|Pre-Market Percentage Change|market_code| |---|---|---|---|---|---| |SCAG|SCAG.O|Scage|20250702|-8.888888888888896|185|