Nuvini Regains Compliance with Nasdaq Minimum Bid Price Listing Requirements

Rhea-AI Summary

Nuvini (NASDAQ: NVNI) has successfully regained compliance with Nasdaq's minimum bid price listing requirements, as announced on January 23, 2025. The company had previously received a non-compliance notice on July 16, 2024, for failing to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2). To resolve this issue, Nuvini was required to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive trading days, which it has now achieved.

Positive

• Regained Nasdaq listing compliance, eliminating immediate delisting risk
• Successfully maintained $1.00 minimum share price for required period

Negative

• Previously failed to maintain minimum bid price requirements for extended period

NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- 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 Nuvini
Headquartered 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 Contact
Camilla Carrapatoso
ir@nuvini.co

FAQ

When did Nuvini (NVNI) regain Nasdaq compliance?

Nuvini regained Nasdaq compliance on January 23, 2025, as confirmed by written notice from the Nasdaq Listing Qualifications Department.

What was the minimum share price requirement for NVNI to maintain Nasdaq listing?

NVNI was required to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive trading days to maintain Nasdaq listing compliance.

When did NVNI receive its initial Nasdaq non-compliance notice?

NVNI received its initial Nasdaq non-compliance notice on July 16, 2024, after failing to maintain a $1.00 minimum bid price for 30 consecutive business days.

What Nasdaq rule did NVNI violate before regaining compliance?

NVNI had violated Nasdaq Listing Rule 5550(a)(2), which requires listed companies to maintain a minimum closing bid price of $1.00 per share.