NaaS Technology Inc. Receives Nasdaq Notification for Minimum Market Value Deficiency Compliance

Reuters06-21

NaaS Technology Inc. Receives Nasdaq Notification for Minimum Market Value Deficiency Compliance

NaaS Technology Inc., a U.S.-listed EV charging service company based in China, announced on June 20, 2025, that it received a notification from Nasdaq regarding its non-compliance with the minimum market value of listing securities (MVLS) requirement. The company must achieve a market value of at least $35 million for ten consecutive business days by December 10, 2025, to maintain its listing on the Nasdaq Capital Market. Although the notification does not immediately affect the trading of its shares, NaaS is also not in compliance with other listing standards, including maintaining stockholders' equity of at least $2.5 million and a net income standard of $500,000. The company plans to address these deficiencies within the given timeframe to avoid potential delisting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Naas Technology Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN14890) on June 20, 2025, and is solely responsible for the information contained therein.

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Receives Nasdaq Notification for Minimum Market Value Deficiency Compliance\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        NaaS Technology Inc., a U.S.-listed EV charging service company based in China, announced on June 20, 2025, that it received a notification from Nasdaq regarding its non-compliance with the minimum market value of listing securities (MVLS) requirement. The company must achieve a market value of at least $35 million for ten consecutive business days by December 10, 2025, to maintain its listing on the Nasdaq Capital Market. Although the notification does not immediately affect the trading of its shares, NaaS is also not in compliance with other listing standards, including maintaining stockholders' equity of at least $2.5 million and a net income standard of $500,000. 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Receives Nasdaq Notification for Minimum Market Value Deficiency Compliance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-21 04:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      NaaS Technology Inc. Receives Nasdaq Notification for Minimum Market Value Deficiency Compliance\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        NaaS Technology Inc., a U.S.-listed EV charging service company based in China, announced on June 20, 2025, that it received a notification from Nasdaq regarding its non-compliance with the minimum market value of listing securities (MVLS) requirement. The company must achieve a market value of at least $35 million for ten consecutive business days by December 10, 2025, to maintain its listing on the Nasdaq Capital Market. Although the notification does not immediately affect the trading of its shares, NaaS is also not in compliance with other listing standards, including maintaining stockholders' equity of at least $2.5 million and a net income standard of $500,000. 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Although the notification does not immediately affect the trading of its shares, NaaS is also not in compliance with other listing standards, including maintaining stockholders' equity of at least $2.5 million and a net income standard of $500,000. The company plans to address these deficiencies within the given timeframe to avoid potential delisting.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Naas Technology Inc. published the original content used to generate this news brief via PR Newswire (Ref. 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