Why Did Scage Future ADSs Plunge 11.11%?

On July 1, 2025, Scage Future American Depositary Shares (SCAG) experienced a significant drop of 11.11% in pre-market trading, reflecting a notable decline in investor sentiment.

Scage Future, a company formed through the merger of Scage International Limited and Finnovate Acquisition Corp., has seen its American Depositary Shares (ADSs) commence trading on the Nasdaq Stock Market under the ticker SCAG. This merger marks a significant milestone for the company, as it integrates the operations and assets of both entities, positioning itself for future growth and expansion.

The recent decline in SCAG's stock price can be attributed to several factors, including market volatility and investor concerns over the company's financial performance. Despite these challenges, Scage Future remains committed to its strategic goals and continues to explore opportunities for business combinations and acquisitions across various industries and sectors.