This article only represents the author's own views.
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. Now, its plan for a Nasdaq listing using a special purpose acquisition company (SPAC) just needs to make it to the finish line.
The company’s listing plan took a major step forward last week when it was officially registered by the China Securities Regulatory Commission (CSRC), equivalent to providing a regulatory green light. Before that, Finnovation Acquisition Corp. (FNVT.US), the SPAC that plans to merge with Scage, had delayed a vote on the plan several times pending CSRC approval. The two companies first announced their intent to merge back in August 2023.