- Citi has been named as the depositary bank for Scage Future's ADR program following a recent business combination.
- Scage Future began trading on the Nasdaq under the ticker "SCAG" on June 30, 2025.
- The appointment will utilize Citi's global network to support Scage's growth in global capital markets.
Citi Issuer Services, through Citibank, N.A., has been appointed as the depositary bank for Scage Future's American Depositary Receipt (ADR) program. This appointment comes after the completion of a business combination between Scage International Limited, a zero-emission solution provider, and Finnovate Acquisition Corp. on June 27, 2025.
Scage Future's American Depositary Shares (ADS) have been listed under the ticker "SCAG" on the Nasdaq Stock Exchange since June 30, 2025. Each ADS represents one ordinary share of Scage, facilitating investment for American investors in the company.
Dirk Jones, Global Head of Citi Issuer Services, emphasized Citi's commitment to supporting Scage's ADR program by leveraging its extensive global network and expertise in capital markets. Citi is recognized for its depositary receipt services across 65 markets, enhancing cross-border market access for issuers.
Citi, a prominent banking partner in nearly 180 countries, provides a comprehensive range of financial services and products to corporations, governments, and individuals globally. For further details on Citi's depositary services, visit their official website.
