NaaS regains compliance with Nasdaq listing rules

NaaS (NAAS) Technology announced that on December 9 it received written notice from the Listing Qualifications Department of Nasdaq Stock Market, stating that the Company regained compliance with the minimum market value of listed securities requirement, as set forth in Nasdaq Listing Rule 5550 for continued listing on the Nasdaq Capital Market. As previously reported on June 20 the Company was notified by the Staff on June 13 that it was not in compliance with the Rule because it failed to maintain a MVLS of at least $35M for a period of 30 consecutive trading days.