Nuvini Regains Compliance with Nasdaq Minimum Bid Price Listing Requirements
January 23 2025 - 4:01PM
Nvni Group Limited (Nasdaq: NVNI) (“Nuvini”) today announces that
on January 23, 2025, the Company received written notice from the
Listing Qualifications Department of The Nasdaq Stock Market LLC
(“Nasdaq”) that the Company has regained compliance with the
minimum closing bid price requirement under Nasdaq Listing Rule
5550(a)(2). As previously disclosed, on July 16, 2024, the Company
was notified by Nasdaq that it was not in compliance with Nasdaq
Listing Rule 5550(a)(2) because its common stock failed to maintain
a minimum closing bid price of $1.00 per share for 30 consecutive
business days. To regain compliance, the Company was required to
maintain a minimum closing bid price of $1.00 per share for at
least 10 consecutive trading days.
About
NuviniHeadquartered in São Paulo, Brazil, Nuvini
is Latin America's leading acquirer of B2B SaaS businesses. Focused
on profitable companies with recurring revenue and growth
potential, it fosters an entrepreneurial environment to help its
acquisitions deliver mission-critical solutions and achieve
industry leadership. Its long-term strategy emphasizes value
creation through partnerships with existing management.
For more information, visit www.nuvini.co.
For further information or media inquiries
regarding this partnership, please contact:
Nuvini Investor and Media ContactCamilla
Carrapatosoir@nuvini.co
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