Two Firms Receive Nasdaq Deficiency Notices

- Founder Group has until April 3, 2026, to submit a plan to regain compliance with Nasdaq's rules. This follows a previous deficiency notice the company received on November 6, 2025, for failing to maintain a minimum bid price of $1.00 per share. - To address prior listing concerns, Founder Group has executed multiple share combinations, including a 100-for-1 reverse stock split in early 2026. The Malaysia-based company provides engineering, procurement, construction, and commissioning (EPCC) services for solar power facilities. - NaaS Technology has until August 17, 2026, to bring its market value of listed securities above $35 million for at least ten consecutive business days to regain compliance. - In addition to the market value deficiency, Nasdaq's notice to NaaS also stated the company fails to meet alternative listing standards requiring at least $2.5 million in stockholders' equity or $500,000 in net income from continuing operations. - This is not the first compliance issue for NaaS Technology; in June 2025, it received a notice for failing to meet the same $35 million market value requirement, though it later regained compliance in December 2025. - NaaS Technology, a subsidiary of Newlinks Technology Limited, is an electric vehicle charging service provider based in China. The company's stock has fallen approximately 89% over the past year. - Companies that receive a deficiency notice are typically granted a 180-day compliance period to resolve the issue. If a company fails to regain compliance within the allotted time, Nasdaq will issue a delisting letter, which the company can then appeal.