The China Securities Regulatory Commission (CSRC) has recently released the "Notice on the Filing of Overseas Issuance and Listing of Scage International Limited." Pursuant to this notice, Skechers International intends to list on the Nasdaq Stock Exchange in the United States via a merger with Finnovate Acquisition Corp., a special purpose acquisition company (SPAC). Concurrently, its subsidiary, Scage Future, will offer up to 94,547,709 ordinary shares.
