Scage International Ltd., a manufacturer of hydrogen-powered trucks, is edging closer to a Nasdaq listing through a special purpose acquisition company (SPAC) merger with Finnovation Acquisition Corp. The approval by the China Securities Regulatory Commission (CSRC) marks a significant milestone in this process. Scage's shareholder vote, scheduled for March 27, could pave the way for the completion of the deal and a subsequent influx of capital. With a potential valuation of $800 million or more, Scage aims to leverage China's growing support for green energy vehicles, particularly hydrogen-powered ones. The company's partnership with C&C Trucks, a major player in China's trucking industry, provides access to resources and government support, positioning it as a key player in the market. Despite its young age and modest revenue figures, Scage's focus on product development and asset-light model presents an optimistic future, especially amidst China's push for new energy vehicles. The company's ambitious valuation targets and order book of 105 new energy trucks hint at strong growth potential, despite current revenue levels. As Scage navigates its Nasdaq listing and potential market debut, investor interest in green technology and China's supportive policies for hydrogen vehicles could drive its success in the competitive market landscape.