NaaS Technology Inc. (Nasdaq: NaaS) has successfully regained compliance with the Nasdaq Listing Rule 5550(a)(2) after receiving a Compliance Notice from the Listing Qualifications Department of the Nasdaq Stock Market Inc. This comes after the company’s American depositary shares (ADSs) closing bid price was below $1.00 for 30 consecutive business days, resulting in a Deficiency Notice from Nasdaq.
To regain compliance, the company needed to meet the Minimum Bid Price Requirement, which was achieved when the closing bid price reached or exceeded $1.00 for a minimum of ten consecutive business days during an 180-day compliance period. The notice confirmed that NaaS Technology Inc. has now met this requirement and the matter is closed.
NaaS Technology Inc. is a subsidiary of Newlinks Technology Limited, a prominent energy digitalization group in China. The company provides comprehensive solutions to energy asset owners, including charging services, energy solutions, and new initiatives that support every stage of an energy asset’s lifecycle and help facilitate the energy transition.
Investor and media inquiries can be directed to NaaS’s Investor Relations department at ir@enaas.com for further information or pr@enaas.com for media inquiries respectively
