{"id":867958,"date":"2025-07-09T09:33:16","date_gmt":"2025-07-09T13:33:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-scage-futures-adr-program\/"},"modified":"2025-07-09T09:33:16","modified_gmt":"2025-07-09T13:33:16","slug":"citi-appointed-as-depositary-bank-for-scage-futures-adr-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-scage-futures-adr-program\/","title":{"rendered":"Citi Appointed as Depositary Bank for Scage Future\u2019s ADR Program"},"content":{"rendered":"

<\/p>\n

Citi Appointed as Depositary Bank for Scage Future\u2019s ADR Program<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nCiti Issuer Services, acting through Citibank, N.A., has been appointed as depositary bank by Scage Future (Scage) for its American Depositary Receipt (ADR) program.<\/p>\n

\nThe appointment follows after Scage International Limited, a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, and Finnovate Acquisition Corp., a special purpose acquisition company, completed their business combination on June 27, 2025.<\/p>\n

\nThe American Depositary Shares (ADS) of the combined entity, Scage, commenced trading on the Nasdaq Stock Exchange under the ticker \u201cSCAG\u201d on June 30, 2025. Each ADS represents one (1) ordinary share of Scage.<\/p>\n

\nDirk Jones, Global Head of Citi Issuer Services, said: \u201cThe Issuer Services business is well-positioned to support the success of Scage\u2019s ADR program. With Citi\u2019s extensive global network and deep capital markets expertise, we are committed to delivering long-term value to issuers by facilitating access to global markets and growth opportunities.\u201d<\/p>\n

\nCiti is a leading provider of depositary receipt services. With depositary receipt programs in over 65 markets, spanning equity and fixed-income products, Issuer Services leverages Citi\u2019s global network to provide cross-border capital market access to issuers, intermediaries and investors.<\/p>\n

\nFor more information on Citi\u2019s Depositary Receipt Services, visit www.citi.com\/dr<\/a>.<\/p>\n

About Citi<\/b><\/p>\n

\nCiti is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.<\/p>\n

\nAdditional information may be found at www.citigroup.com<\/a> | X: @Citi | LinkedIn: www.linkedin.com\/company\/citi<\/a> | YouTube: www.youtube.com\/citi<\/a> | Facebook: www.facebook.com\/citi<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250709230515\/en\/<\/a><\/span><\/p>\n

Media Contacts:<\/b><\/p>\n

\nHarsha Jethnani
\n
harsha.jethnani@citi.com<\/a><\/p>\n

\nAi Li She
\n
ai.li.she@citi.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Canada New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Citi Appointed as Depositary Bank for Scage Future\u2019s ADR Program NEW YORK–(BUSINESS WIRE)– Citi Issuer Services, acting through Citibank, N.A., has been appointed as depositary bank by Scage Future (Scage) for its American Depositary Receipt (ADR) program. The appointment follows after Scage International Limited, a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, and Finnovate Acquisition Corp., a special purpose acquisition company, completed their business combination on June 27, 2025. The American Depositary Shares (ADS) of the combined entity, Scage, commenced trading on the Nasdaq Stock Exchange under the ticker \u201cSCAG\u201d on June 30, 2025. Each ADS represents one (1) ordinary share of Scage. Dirk Jones, Global Head of Citi Issuer Services, said: \u201cThe Issuer Services … <\/p>\n

Continue reading “Citi Appointed as Depositary Bank for Scage Future\u2019s ADR Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-867958","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCiti Appointed as Depositary Bank for Scage Future\u2019s ADR Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-scage-futures-adr-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi Appointed as Depositary Bank for Scage Future\u2019s ADR Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citi Appointed as Depositary Bank for Scage Future\u2019s ADR Program NEW YORK–(BUSINESS WIRE)– Citi Issuer Services, acting through Citibank, N.A., has been appointed as depositary bank by Scage Future (Scage) for its American Depositary Receipt (ADR) program. The appointment follows after Scage International Limited, a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, and Finnovate Acquisition Corp., a special purpose acquisition company, completed their business combination on June 27, 2025. The American Depositary Shares (ADS) of the combined entity, Scage, commenced trading on the Nasdaq Stock Exchange under the ticker \u201cSCAG\u201d on June 30, 2025. Each ADS represents one (1) ordinary share of Scage. 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