NaaS Technology Inc. (NASDAQ: NAAS) received a written notice from Nasdaq’s Listing Qualifications Department on December 9, 2025 confirming that the company had met the Minimum Market Value of Listed Securities (MVLS) requirement of at least $35 million for 30 consecutive trading days. The notice states that the company’s MVLS had been $35 million or greater for the last twenty consecutive business days as of December 8, 2025, thereby restoring compliance with Nasdaq Listing Rule 5550(b)(2).
Prior to this milestone, NaaS had been notified on June 13, 2025 that it was out of compliance with the MVLS rule and was granted a grace period that extended until December 10, 2025. By meeting the threshold on December 9, the company eliminated the immediate risk of a delisting action and secured its continued presence on the Nasdaq Capital Market.
The compliance achievement is part of a broader strategy to strengthen liquidity and investor confidence. NaaS has been focusing on high‑margin charging services, a shift that has already produced a positive non‑IFRS net profit in Q3 2024 and a record gross margin of 57%. Revenue from core charging services grew 36% year‑over‑year, offsetting a 56.33% decline in total revenue over the preceding twelve months. The sustained rise in market capitalization reflects the market’s recognition of this strategic pivot and the company’s ability to generate cash flow from its high‑margin operations.
Market data as of December 10, 2025 shows a market capitalization of $36.93 million, comfortably above the $35 million MVLS threshold, and a pre‑announcement share price of $3.50. These figures indicate that the market has accepted the company’s restored compliance and that the delisting risk has been effectively removed.
With the listing compliance hurdle cleared, NaaS is positioned to continue pursuing growth in its charging services portfolio while maintaining the liquidity and investor confidence necessary to support future capital‑raising and operational initiatives. Management remains focused on sustaining MVLS compliance as a key component of its long‑term strategy.
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