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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.