Energys Group (NASDAQ: ENGS) Receives Nasdaq Determination Letter
On January 8, 2026, Energys Group Limited (NASDAQ: ENGS), a leader in energy efficiency and decarbonization solutions for the built environment, announced that it received a Determination Letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC. This letter, dated December 30, 2025, states that the company’s minimum market value of listed securities (MVLS) fell below the required threshold of $35 million for the past 30 consecutive business days, which results in non-compliance with Nasdaq's Listing Rule 5550(b)(2).
Details of the Nasdaq Determination Letter
The Determination Letter highlights that Nasdaq assesses the company's MVLS based on the total shares outstanding multiplied by the closing bid price. Energys Group has been granted 180 calendar days, until June 29, 2026, to regain compliance with the rule. If during this period the MVLS reaches or exceeds $35 million for at least ten consecutive business days, Nasdaq will confirm compliance, and the matter will be considered resolved.
However, if the company does not achieve compliance by the deadline, it may face notification from Nasdaq regarding the potential delisting of its securities. In such an event, Energys Group may appeal the decision to a hearings panel.
Management's Commitment to Shareholders
Mr. Kevin Cox, Chief Executive Officer and Executive Director of Energys Group, expressed his awareness of the importance of Nasdaq listing to shareholders, acknowledging the liquidity and pricing efficiency it provides. He stated, “We pledge our best efforts towards improved performance which we believe will allow us to meet the continued listing standards.”
About Energys Group Limited
Energys Group was founded in 1998 as an energy conservation consultancy and has since evolved into a vertically integrated provider of energy efficiency and decarbonization solutions. The company serves both private and public sector organizations, including schools, universities, hospitals, and offices primarily in the UK. Energys Group aims to deliver innovative solutions that significantly reduce carbon emissions, lower operational costs, and support the Net Zero agenda while enhancing the wellbeing of building users.
Forward-Looking Statements
This announcement contains forward-looking statements addressing known and unknown risks and uncertainties. These statements are based on current expectations about future events that may impact the company's financial condition and results of operations. Key expressions used to identify these forward-looking statements include "may," "expect," "anticipate," and other similar terms. Energys Group undertakes no obligation to update these statements unless required by law. Investors should review other factors that could affect future results as outlined in the company’s SEC filings.
Contact Information
For further inquiries, please contact:
- DLK Advisory
- Phone: +852-2857-7101
- Email: ir@dlkadvisory.com