Core Viewpoint - Energys Group Limited has received a Determination Letter from Nasdaq indicating non-compliance with the minimum market value listing requirement of $35 million, with the company having a market value below this threshold for the past 30 consecutive business days [1][2]. Group 1: Compliance and Listing Status - The company has until June 29, 2026, to regain compliance with Nasdaq's listing rule, which requires the market value of listed securities to be at least $35 million for a minimum of ten consecutive business days [2]. - If the company fails to meet this requirement within the compliance period, it will receive a notification from Nasdaq regarding potential delisting, but it has the option to appeal this decision [2]. Group 2: Company Background and Vision - Energys Group, founded in 1998, has evolved from an energy conservation consultancy to a provider of energy efficiency and decarbonization solutions for the built environment, serving both private and public sectors, including schools and hospitals primarily in the UK [4]. - The company's vision focuses on delivering innovative solutions that reduce carbon emissions, lower costs, and support the Net Zero agenda while enhancing the wellbeing of building users [4]. Group 3: Management's Commitment - The CEO of Energys Group has expressed the importance of maintaining the company's listing on Nasdaq for shareholder value, emphasizing the commitment to improving performance to meet continued listing standards [3].
Energys Group Announces Receipt of Determination Letter from Nasdaq Capital Market