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Scage's Long-delayed Nasdaq SPAC Listing Moves Forward

Benzinga LogoBenzinga14h ago

Scage's Long-delayed Nasdaq SPAC Listing Moves Forward - Benzinga

Quick Summary:

A backdoor Nasdaq listing by the maker of green energy trucks took a key step forward last week with its approval by the Chinese securities regulator

Key Takeaways: Scage could complete its long-delayed SPAC listing on the Nasdaq within the next month, following a shareholder vote set for the end of March

The hydrogen-powered truck maker looks well positioned to thrive due to its asset-light business model, strong state ties and China's broader support for green energy Despite its youth, Scage International Ltd. has created quite the compelling growth story for investors as it aims to tap into China's strong promotion of hydrogen energy vehicles.


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Article Details

Author / Journalist: The Bamboo Works

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 13:50:39 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1042 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27175078

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About Benzinga

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Main Topics: InvestingBusiness

Official Website: benzinga.com

Update Frequency: 2 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 16 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #54

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