Nvni Group Receives Non-Compliance Notice from Nasdaq
April 17 2025 - 4:05PM
Nvni Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a
leading acquirer of private SaaS B2B companies in Latin America,
has received notice from the listing qualifications department
staff of The Nasdaq Stock Market ("Nasdaq") stating that the
Company is not in compliance with Nasdaq Listing Rule 5550(a)(2),
which requires listed securities to maintain a minimum bid price of
$1 per share, and Listing Rule 5550(b)(2), which requires listed
securities to maintain a minimum Market Value of Listed Securities
(MVLS) of $35 million.
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A)
and Listing Rule 5810(c)(3)(C), the Company has been granted a
180-calendar day compliance period, or until October 13, 2025, to
regain compliance with both listing requirements. To regain
compliance, the closing bid price of the Company’s ordinary shares
must meet or exceed $1.00 per share for a minimum of ten
consecutive business days during the 180-calendar day compliance
period and the Company’s MVLS must close at $35 million or more for
a minimum of ten consecutive business days. During the compliance
period, the Company’s ordinary shares will continue to be listed
and traded on the Nasdaq Stock Market under the ticker symbol
“NVNI”.
If the Company is not in compliance by October
13, 2025, the Company may be afforded a second 180-calendar day
compliance period. To qualify for this additional time, the Company
will be required to meet the continued listing requirement for
market value of publicly held shares and all other initial listing
standards for The Nasdaq Capital Market, with the exception of the
bid price requirement, and will need to provide written notice of
its intention to cure the deficiency during the second compliance
period, by effecting a reverse stock split, if necessary. If the
Company meets these requirements, Nasdaq will inform the Company
that it has been granted an additional 180 calendar days.
The Company intends to monitor the closing bid
price of its ordinary shares between now and October 13, 2025, and
will consider available options to resolve the noncompliance with
the minimum bid price, including by means of reverse share split
approved at the extraordinary shareholders meeting held on March
20, 2025, and MVLS requirements. There can be no assurance that the
Company will be able to regain compliance with the minimum bid
price or MVLS requirements will otherwise be in compliance with
other Nasdaq listing criteria.
About Nuvini
Headquartered in São Paulo, Brazil, Nuvini is
the leading private serial software business acquirer in Latin
America. The Nuvini Group acquires software companies within SaaS
markets in Latin America. It focuses on acquiring profitable
“business-to-business” SaaS companies with a consolidated business
model, recurring revenue, positive cash generation and relevant
growth potential. The Nuvini Group enables its acquired companies
to provide mission-critical solutions to customers within its
industry or sector. Its business philosophy is to invest in
established companies and foster an entrepreneurial environment
that would enable companies to become leaders in their respective
industries. The Nuvini Group’s goal is to buy, retain and create
value through long-term partnerships with the existing management
of its acquired companies.
Investor Relations Contact:
Sofia Toledoir@nuvini.co
MZ North AmericaNVNI@mzgroup.us
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