NEW YORK, Feb 20, 2026, 06:00 (EST) — Premarket
- Namib Minerals shares were sharply higher in U.S. premarket trading after a Nasdaq compliance update
- The company said it is back in compliance with a rule tied to the value of shares held by the public
- A fresh SEC prospectus supplement also flagged potential share resales by a selling holder
Namib Minerals shares were up about 53% at $4.04 in U.S. premarket trading on Friday, extending a late-session jump after the company disclosed a Nasdaq compliance win. The stock had closed the regular session on Thursday at $2.64 and last traded at $3.62 in extended hours, Webull data showed. (Webull)
Namib said it received a Feb. 18 letter from Nasdaq confirming it had regained compliance with the exchange’s minimum market value of publicly held shares requirement under Listing Rule 5450(b)(2)(C). The company said its ordinary shares will continue to be listed on the Nasdaq Global Market. (GlobeNewswire)
The issue mattered because Nasdaq had flagged the company on Jan. 30 for falling short of the $15 million threshold, and required it to hold that level for at least 10 consecutive trading days to clear the deficiency, the company said. Nasdaq determined the condition was met, Namib said, and closed the matter. (Seeking Alpha)
The “market value of publicly held shares” figure is basically a public-float test: it looks at the value of shares in public hands, not stock locked up with insiders. For thinly traded small caps, it can swing fast with price and volume.
Namib describes itself as a gold producer, developer and explorer focused on Zimbabwe. It operates the How Mine underground and has additional assets in Zimbabwe as well as exploration permits in the Democratic Republic of Congo, according to a Reuters company profile. (Reuters)
The stock has been volatile. It has traded between roughly $0.91 and $55.00 over the past 52 weeks, and moved between $2.52 and $4.07 in its latest day range, according to Investing.com data. (Investing)
A separate SEC prospectus supplement filed on Feb. 19 showed Namib updated its registration statement to cover offer-and-sale activity by a selling shareholder, Cohen & Company Securities, LLC, of up to 1.75 million ordinary shares tied to an amended promissory note with a $3.5 million face value. The filing describes the arrangement as a resale by the selling holder, rather than a primary share sale by the company.
But traders have another moving part to watch: resale registrations can add potential supply to the market, and the listing fix does not guarantee the company won’t face another notice if the public-float value slides again. Namib also warned in its forward-looking statements that “future compliance with Nasdaq requirements” is subject to uncertainties and pointed investors to its SEC filings for risk factors. (Finviz)
For now, the immediate read is whether Friday’s early pop holds once liquidity improves. The first real test comes at the opening bell at 9:30 a.m. EST, when the stock trades in the regular session with the compliance headline fully digested.
