Business
Namib Minerals Receives Nasdaq Notification Regarding Minimum Market Value of Publicly Held Shares Requirement
NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib Minerals” or “the Company”), (Nasdaq: NAMM), today announced that on January 30, 2026, the Company received a letter (the “Letter”) from the Nasdaq Listing Qualifications Department (the “Staff”) notifying the Company that during the period from December 5, 2025 to January 20, 2026 the Company’s ordinary shares, par value $0.0001 (the “Ordinary Shares”), did not meet the minimum market value of publicly held shares of $15,000,000
About this update from Namib Minerals
[{"type":"image","alt":"Namib Minerals","displaySize":"","headline":null,"caption":"Namib Minerals","className":"","disableSlideshowImg":false,"size":{"original":{"width":82,"height":100,"url":"https://media.zenfs.com/en/globenewswire.com/2a4ea712e08cb4e14461d5ad0858e16e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XgjB3_GuYcg3soXE5OsHpg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTExMDtoPTEzNDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/2a4ea712e08cb4e14461d5ad0858e16e","width":82,"height":100}},"lazy":false},{"type":"text","content":"NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib Minerals” or “the Company”), (Nasdaq: NAMM), today announced that on January 30, 2026, the Company received a letter (the “Letter”) from the Nasdaq Listing Qualifications Department (the “Staff”) notifying the Company that during the period from December 5, 2025 to January 20, 2026 the Company’s ordinary shares, par value $0.0001 (the “Ordinary Shares”), did not meet the minimum market value of publicly held shares of $15,000,000 (the “MVPHS”) requirement for continued listing on the Nasdaq Global Market (“Nasdaq”) pursuant to Nasdaq Listing Rule 5450(b)(2)(C) (the “Rule”).","length":647,"tagName":"p"},{"type":"text","content":"The Letter further stated that, in accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has 180 calendar days, or until July 29, 2026 (the “Compliance Period”), to regain compliance with the Rule. If at any time during the Compliance Period the Company’s MVPHS equals or exceeds $15,000,000 for a minimum of ten consecutive business days, the Staff will provide the Company with a written confirmation of compliance with the Rule and the matter will be closed. Nasdaq Listing Rule 5810(c)(3)(H) states, in part, that the Staff may, in its discretion, require the Company to satisfy the MVPHS requirement for more than ten consecutive business days, but generally not more than 20 consecutive business days, in order to demonstrate an ability to maintain long-term compliance with the listing rules. If the Company does not regain compliance with the Rule by July 29, 2026, the Company will receive written notification from the Staff that its securities are subject to delisting, which notification is subject to appeal by the Company. As an alternative, the Company has the ability to apply to transfer its securities to the Nasdaq Capita...