Chinese EV Charging Giant NaaS Faces Nasdaq Delisting Risk

Rhea-AI Filing Summary

NaaS Technology, a Chinese electric vehicle charging infrastructure company, disclosed in a Form 6-K that it received a notification from Nasdaq regarding minimum market value deficiency. The company, headquartered in Beijing's Chaoyang District, has incorporated this report into its Form F-3 registration statement (File No. 333-273515).

The filing was signed by CFO Steven Sim on June 20, 2025, and includes a press release (Exhibit 99.1) detailing the Nasdaq notification. This development could potentially impact the company's listing status, though specific details of the deficiency and any compliance plan are contained in the referenced press release.

The company confirms it will continue filing annual reports under Form 20-F rather than Form 40-F, indicating its status as a foreign private issuer remains unchanged. This notification regarding market value requirements represents a significant regulatory development that investors should monitor closely.

Positive

• None.

Negative

• Received Nasdaq notification regarding minimum market value deficiency, indicating potential listing compliance issues that could affect investor confidence and trading status
• Market capitalization has fallen below Nasdaq's minimum listing requirements, suggesting significant deterioration in shareholder value

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2025

 

Commission File Number: 001-38235

 

 

 

NaaS Technology Inc.

(Registrant’s Name)

 

 

 

Newlink Center, Area G, Building 7, Huitong Times Square,

No.1 Yaojiayuan South Road, Chaoyang District, Beijing, China

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

 

 

 

Incorporation by Reference

 

This current report on Form 6-K, including the exhibit hereto, is incorporated by reference into the registration statement on Form F-3 of the Company (File No. 333-273515) and shall be a part thereof from the date on which this current report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

 

 

Exhibit Index

 

Exhibit No.	Description
99.1	Press Release – NaaS Technology Inc. Received Nasdaq Notification Regarding Minimum Market Value Deficiency

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 	NaaS Technology Inc.
 	 	 	 
 	By	:	/s/ Steven Sim
 	Name	:	Steven Sim
 	Title	:	Chief Financial Officer

 

Date: June 20, 2025

 

 

 

FAQ

What Nasdaq compliance issue did NAAS receive notification for in June 2025?

According to the 6-K filing, NAAS Technology Inc. received a notification from Nasdaq regarding minimum market value deficiency. This was disclosed in the exhibit titled 'Press Release – NaaS Technology Inc. Received Nasdaq Notification Regarding Minimum Market Value Deficiency.'

Who signed NAAS's June 2025 Form 6-K filing?

The Form 6-K was signed by Steven Sim, who serves as the Chief Financial Officer of NaaS Technology Inc.

What registration statement is NAAS's June 2025 6-K incorporated into?

The 6-K filing is incorporated by reference into NAAS's registration statement on Form F-3 (File No. 333-273515) and will be part thereof from the date it was furnished, unless superseded by subsequently filed documents or reports.

Where is NAAS Technology Inc.'s principal executive office located?

NAAS Technology Inc.'s principal executive office is located at Newlink Center, Area G, Building 7, Huitong Times Square, No.1 Yaojiayuan South Road, Chaoyang District, Beijing, China.