NaaS gets Nasdaq notification regarding minimum market value deficiency
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2025
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NaaS Technology Compliance Issue: NaaS Technology, the first U.S.-listed EV charging service company in China, has received a notification from Nasdaq stating it is not in compliance with the minimum market value listing requirement of $35 million for its Class A ordinary shares.
Regaining Compliance Deadline: The company has 180 days, until December 10, 2025, to regain compliance by maintaining a market value of at least $35 million for ten consecutive business days.
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About NAAS
Naas Technology Inc, formerly RISE Education Cayman Ltd, is a holding company. The Company offers one-stop electric vehicle (EV) charging solutions to charging stations and support them through every stage of the station lifecycle. The Company mainly provides three solutions. Online EV charging solutions provide an integrated set of online solutions to charging stations that mainly includes mobility connectivity services. Offline EV charging solutions offer a range of offline solutions to charging stations, ranging from site selection, hardware procurement, engineering, procurement and construction (EPC) station maintenance, energy storage, to customer support. Innovative and other solutions deliver electricity procurement services and a virtual power plant platform to facilitate the construction of a modern energy system. The Company also provides a prototype of autonomous charging robot for future unmanned driving scenarios and to realize an autonomous charging network.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NaaS Technology Inc. Approves Share Capital Reduction to $52,000
- Capital Adjustment: At an extraordinary general meeting in Hebei, NaaS Technology approved a special resolution to reduce the par value of shares from $0.01 to $0.000001, resulting in a total share capital of $52,000, which is expected to optimize the capital structure and enhance market competitiveness.
- Charter Amendment: Shareholders also approved the amendment of the company's articles to the Fourth Amended and Restated version, which will improve governance transparency and compliance, ensuring operational flexibility and adherence to regulations in future operations.
- Board Authorization: An ordinary resolution was passed to authorize the company's directors, officers, and agents to implement the aforementioned resolutions, thereby enhancing operational efficiency and responsiveness to market changes.
- Industry Position Strengthening: As the first U.S.-listed EV charging service company in China, NaaS Technology further solidifies its leadership in new energy asset operation services through these resolutions, driving sustained growth in the rapidly evolving electric vehicle market.
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NaaS Technology Inc. Schedules Extraordinary General Meeting for January 23, 2026
- Shareholder Meeting Scheduled: NaaS Technology Inc. will hold an extraordinary general meeting on January 23, 2026, at 3 PM Beijing time to consider proposed resolutions, reflecting the company's commitment to shareholder engagement.
- Voting Eligibility: Holders of ordinary shares as of January 2, 2026, are entitled to attend and vote, enhancing shareholder participation in corporate governance and decision-making processes.
- Transparency in Announcements: The company provides details through its investor relations website and Form 6-K filed with the SEC, ensuring shareholders have easy access to relevant information, which improves compliance with disclosure regulations.
- Technological Context: As the first U.S.-listed EV charging service company in China, NaaS leverages advanced technology to optimize charging supply and demand, driving growth in the EV charging sector and showcasing its leadership in emerging markets.
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