RegulatoryAug 5, 2026, 04:42 PM
NaaS Technology Regains Nasdaq Compliance for Market Value
AI Summary
NaaS Technology Inc. announced it has regained compliance with The Nasdaq Stock Market LLC's minimum market value of listed securities (MVLS) requirement. The company was previously notified on February 17, 2026, that it was not in compliance with Nasdaq Listing Rule 5550(b)(2) for failing to maintain an MVLS of at least $35 million for 30 consecutive trading days. Nasdaq confirmed that NaaS's MVLS was $35 million or greater for 20 consecutive business days, from July 7 through August 3, 2026, and the matter is now closed.
Key Highlights
- NaaS Technology Inc. regained compliance with Nasdaq Listing Rule 5550(b)(2).
- The company was previously notified of non-compliance on February 17, 2026.
- Non-compliance was due to failing to maintain a minimum market value of listed securities (MVLS) of at least $35 million for 30 consecutive trading days.
- The company's MVLS was $35 million or greater for 20 consecutive business days from July 7 through August 3, 2026.
- Nasdaq has confirmed compliance, and the matter is now closed.
Price Impact
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