Future American Depositary Shares (SCAG) experienced a significant drop of 11.11

The stock price of Scage (NASDAQ: SCAG) has experienced a significant drop of 46.11% on July 1, 2025. This decline is substantial and could be indicative of various underlying issues within the company or the market. Here are some potential reasons for this drop:

1. **Overvaluation Concerns**: The stock's pre-market and post-market movements suggest that investors may be adjusting their valuations. The company's recent debut on Nasdaq and the significant investment it received through the SPAC merger could have led to high expectations, which may now be being revised downward.
2. **Market Conditions**: Broader market conditions and investor sentiment can significantly impact individual stock prices. If there are wider market downturns or specific sector issues affecting Scage's industry, this could explain the decline.
3. **Company-Specific News**: The departure of Switch Mobility CEO Mahesh Babu could potentially have negative implications for Scage, especially if there are concerns about the future direction or performance of the company.

In conclusion, the decline of 46.11% in Scage's stock price is significant and could be due to a combination of factors including overvaluation concerns, market conditions, and company-specific news. Investors should monitor the situation closely for any updates that could impact the stock's trajectory.

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|SCAG|SCAG.O|Scage|20250701|-48.77777777777777|185|