NaaS Technology Inc. Regains Compliance with Nasdaq Minimum Market Value of Listed Securities Requirement
Rhea-AI Summary
NaaS Technology (Nasdaq: NAAS) announced that on August 4, 2026 it received written confirmation from Nasdaq’s Listing Qualifications Staff that the company has regained compliance with the minimum market value of listed securities (MVLS) requirement under Nasdaq Listing Rule 5550(b)(2) for continued listing on the Nasdaq Capital Market.
According to NaaS Technology, the Staff determined the company’s MVLS was at least US$35 million for 20 consecutive business days from July 7 through August 3, 2026. The company had previously been notified on February 17, 2026 that it was not in compliance after its MVLS stayed below $35 million for 30 consecutive trading days. Nasdaq has now confirmed compliance and closed the matter.
Positive
- Regained Nasdaq MVLS compliance after meeting US$35 million threshold for 20 days
- Nasdaq matter closed, confirming continued eligibility for Nasdaq Capital Market listing
Negative
- Received Nasdaq non-compliance notice in February 2026 for MVLS below US$35 million for 30 days
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 30 | Extraordinary meeting results | Positive | +1.9% | Shareholders approved two ordinary resolutions at the extraordinary general meeting. |
| Apr 02 | Meeting announcement | Neutral | +0.0% | Company announced the date, venue, record date, and voting logistics. |
| Feb 20 | Nasdaq deficiency notice | Negative | -11.5% | Nasdaq notified NaaS of failure to maintain the $35 million MVLS threshold. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The three available events showed no clear divergence: the prior deficiency notice was followed by -11.52%, while two meeting-related notices had 0% and +1.95% reactions.
Key Terms
minimum market value of listed securities regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
BEIJING, Aug. 05, 2026 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced that on August 4, 2026, it received a written notice from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq"), stating that the Company has regained compliance with the minimum market value of listed securities ("MVLS") requirement, as set forth in Nasdaq Listing Rule 5550(b)(2) (the "Rule"), for continued listing on the Nasdaq Capital Market.
As previously reported on February 20, 2026, the Company was notified by the Staff on February 17, 2026 that it was not in compliance with the Rule because it failed to maintain a MVLS of at least
About NaaS Technology Inc.
NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company is one of the leading providers of new energy asset operation services. The Company utilizes advanced technology to intelligently match charging supply with demand, offering electric vehicle users a seamless, efficient, and smart charging experience. Furthermore, NaaS empowers charging stations and charging station operators to optimize their operations, driving greater efficiency and enhancing profitability.
Safe Harbor Statement
This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS' goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China's EV charging industry and EV charging service industry and NaaS' future business development; demand for and market acceptance of NaaS' products and services; NaaS' ability to protect and enforce its intellectual property rights; NaaS' ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS' operation, fluctuations of the RMB exchange rate, and NaaS' ability to obtain adequate financing for its planned capital expenditure requirements; NaaS' relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS' filings with the SEC.
For investor and media inquiries, please contact:
Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com
