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GlobeNewsWire
1 month ago
Nuvini Regains Full Compliance with Nasdaq
~ Confirms 2026 EBITDA Targets ~ ~ Reaffirms Plan to Announce Long-Term Profitability and Value-Creation Goals in the Coming Weeks ~ NEW YORK, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Nuvini Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer and operator of vertical market SaaS businesses in Latin America, received a written delisting determination notice on October 14, 2025 from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it had determined that the Company's securities would be scheduled for delisting from the Nasdaq Capital Market and would be suspended at the opening of business on October 23, 2025, unless the Company requested an appeal of such determination by October 21, 2025. The delisting determination had been issued because the bid price of the Company's ordinary shares had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Rule”), and the Company is not eligible for a second 180-day period to regain compliance because it does not comply with the minimum stockholders' equity initial listing requirement for The Nasdaq Capital Market.