Founder Group and NaaS Technology Receive Nasdaq Delisting Warnings

- Founder Group Limited has until April 3, 2026, to submit a plan to Nasdaq detailing how it will regain compliance with the minimum of 500,000 publicly held shares. This notice follows a previous notification in November 2025 for failing to maintain a minimum bid price of $1 per share. - To address the bid price deficiency, Founder Group executed a 100-for-1 reverse stock split, which became effective on February 10, 2026. - NaaS Technology's market capitalization was approximately $2.05 million as of mid-February 2026, well below the $35 million minimum required by the Nasdaq Capital Market. The company's stock has declined over 90% in the past year. - Nasdaq has given NaaS Technology until August 17, 2026, to regain compliance by maintaining a market value of at least $35 million for a minimum of ten consecutive business days. - In addition to the market value deficiency, Nasdaq's notice to NaaS also mentioned non-compliance with the minimum stockholders' equity requirement of $2.5 million and the net income from continuing operations standard of $500,000. - This is not the first time NaaS has faced delisting warnings; it previously received a notice for non-compliance with the minimum market value requirement in June 2025 but regained compliance in December 2025. - Nasdaq has recently proposed and implemented stricter listing and delisting standards, including a new rule to accelerate the delisting process for companies with a market value of listed securities below $5 million that also have a listing deficiency. - Founder Group, a Malaysian-based provider of solar project engineering and construction services, had a market capitalization of approximately $3.78 million as of February 19, 2026.